Ferro-Alloy Resources (LON:FAR) Stock Price Up 10.8% - Time to Buy?

Shares of Ferro-Alloy Resources Limited (LON:FAR - Get Free Report) were up 10.8% on Tuesday . The stock traded as high as GBX 9.88 ($0.13) and last traded at GBX 9.87 ($0.13). Approximately 1,046,715 shares were traded during trading, an increase of 20% from the average daily volume of 870,225 shares. The stock had previously closed at GBX 8.90 ($0.11).

Analysts Set New Price Targets

Separately, Shore Capital restated a "house stock" rating on shares of Ferro-Alloy Resources in a research report on Monday, December 2nd.

Ferro-Alloy Resources Trading Up 20.2 %

The company has a market cap of £51.70 million, a PE ratio of -1,070.00 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45. The company's 50 day simple moving average is GBX 4.32 and its two-hundred day simple moving average is GBX 5.29.

Ferro-Alloy Resources Company Profile

Ferro-Alloy Resources Limited engages in mining, processing, and selling vanadium and related by-products in the Republic of Kazakhstan. The company explores for uranium, molybdenum, aluminum, rare earth metals, potassium, nickel, and carbon deposits. It primarily holds an interest in the Balasausqandiq vanadium/polymetallic mineral deposit located in southern Kazakhstan.