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Ferro-Alloy Resources Ltd. ( (GB:FAR) ) has provided an update.
Ferro-Alloy Resources has signed a non-binding, non-exclusive memorandum of understanding with Chinese tyre manufacturer and carbon black distributor Qingdao Master Tyre for the potential supply of up to 360,000 tonnes per year of a new carbon black substitute (New CBS) derived from high-carbon, low-vanadium waste rock at its Balasausqandiq project in Kazakhstan. The New CBS, which was not factored into the project’s recent feasibility study and therefore represents an incremental revenue opportunity, is being prioritised in Master Tyre’s 2036 strategy and tested as a replacement for both conventional carbon black and silicon dioxide in tyre rubber production; if commercial terms are agreed, the deal could significantly enhance the project’s already strong economics while reinforcing Ferro-Alloy’s positioning in lower-emission, cost-competitive materials for the tyre and rubber industry in China and beyond.
The most recent analyst rating on (GB:FAR) stock is a Hold with a £8.50 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.
The score is held down primarily by very weak financial performance (losses, negative cash flow, and negative equity). Technicals provide some support via strong momentum above key moving averages, but overbought indicators increase near-term risk. Valuation offers limited support because the company is currently loss-making and no dividend yield is available.
To see Spark’s full report on GB:FAR stock, click here.
More about Ferro-Alloy Resources Ltd.
Ferro-Alloy Resources Limited is a vanadium producer focused on developing the large Balasausqandiq deposit in southern Kazakhstan, where vanadium is the principal product alongside a carbon black substitute (CBS) and several by-products. The project benefits from unusually low capital and operating costs due to the nature of the ore, and is being developed in two phases, supported by an on-site processing operation and R&D centre that refine vanadium, molybdenum and nickel concentrates and advance technologies for future vanadium and carbon products.
Average Trading Volume: 2,312,092
Technical Sentiment Signal: Buy
Current Market Cap: £48.53M
For detailed information about FAR stock, go to TipRanks’ Stock Analysis page.