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The latest update is out from Ferro-Alloy Resources Ltd. ( (GB:FAR) ).
Ferro-Alloy Resources Limited has issued over 20 million new shares, raising £1.24 million, with participation from strategic shareholder Vision Blue Resources and company directors. This equity raise, issued at a discount, aims to fund ongoing engagement with strategic investors for the development of their large vanadium project in Kazakhstan, potentially impacting the company’s financial stability and market position.
The most recent analyst rating on (GB:FAR) stock is a Hold with a £5.00 price target. To see the full list of analyst forecasts on Ferro-Alloy Resources Ltd. stock, see the GB:FAR Stock Forecast page.
Spark’s Take on GB:FAR Stock
According to Spark, TipRanks’ AI Analyst, GB:FAR is a Neutral.
Ferro-Alloy Resources Ltd. is currently in a precarious financial position, with significant financial performance issues being the most impactful factor. The technical analysis also indicates bearish momentum, further weighing down the stock’s prospects. The lack of profitability and absence of a dividend yield contribute to a low valuation score.
To see Spark’s full report on GB:FAR stock, click here.
More about Ferro-Alloy Resources Ltd.
Ferro-Alloy Resources Limited operates in the mining industry, focusing on the production and development of vanadium from the Balasausqandiq deposit in Southern Kazakhstan. The company also produces a carbon black substitute and several by-products, benefiting from lower capital and operating costs compared to other vanadium projects.
Average Trading Volume: 1,474,579
Technical Sentiment Signal: Sell
Current Market Cap: £28.07M
For an in-depth examination of FAR stock, go to TipRanks’ Overview page.