Ferro-Alloy Resources Ltd. (GB:FAR)
LSE:FAR
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Ferro-Alloy Resources Ltd.
(LSE:FAR)
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Rating:43Neutral
Price Target:
4.50 p
▼(-32.63% Downside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by very weak financial performance (ongoing losses, negative equity, and continued cash burn). Technicals also weigh on the score due to a clear downtrend across key moving averages and negative MACD, despite near-oversold readings. Valuation provides limited support because the negative P/E reflects unprofitable operations and there is no dividend yield data.
Positive Factors
Focused vanadium project and product strategy
A single, well-defined upstream project (Balasausqandiq) with an explicit product focus (vanadium products and potential by-products) delivers strategic clarity. That focus concentrates capital and operational efforts on a single value chain, simplifying permitting, engineering and commercialization decisions over the medium term.
Negative Factors
Negative stockholders' equity
Persistently negative equity is a structural impairment: it constrains access to traditional credit, increases covenant/default risk and signals capital impairment to investors. Over a multi-month horizon this heightens the likelihood of dilutive recapitalization or distressed financing, limiting strategic choices.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused vanadium project and product strategy
A single, well-defined upstream project (Balasausqandiq) with an explicit product focus (vanadium products and potential by-products) delivers strategic clarity. That focus concentrates capital and operational efforts on a single value chain, simplifying permitting, engineering and commercialization decisions over the medium term.
Read all positive factors
Ferro-Alloy Resources Ltd. (FAR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£28.51M
Dividend YieldN/A
Average Volume (3M)2.88M
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue Growth-7.00%
EPS Growth20.39%
CountryUK
Employees200
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding587,751,340
10 Day Avg. Volume2,621,181
30 Day Avg. Volume2,879,251
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)-15.82
Price to Sales (P/S)9.33
P/FCF Ratio-12.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
Ferro-Alloy Resources Ltd. Business Overview & Revenue Model
Company Description
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, and carbon deposits. It ...
How the Company Makes Money
FAR’s intended revenue model is based on producing and selling vanadium products generated from the Balasausqandiq project. The primary revenue stream is expected to come from sales of vanadium-bearing products (e.g., vanadium pentoxide or other v...
Ferro-Alloy Resources Ltd. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.12M | 4.63M | 4.74M | 5.72M | 6.27M | 4.73M |
| Gross Profit | -2.24M | ― | -2.81M | -1.05M | -1.25M | -162.00K |
| EBITDA | -4.53M | -4.85M | -6.83M | -4.51M | -3.70M | -2.29M |
| Net Income | -8.94M | -8.59M | -9.43M | -5.25M | -4.29M | -2.83M |
Balance Sheet | ||||||
| Total Assets | 18.58M | 19.35M | 19.26M | 20.02M | 18.95M | 12.94M |
| Cash, Cash Equivalents and Short-Term Investments | 391.00K | 1.68M | 3.78M | 1.95M | 4.33M | 2.81M |
| Total Debt | 17.13M | 5.09M | 17.13M | 7.39M | 1.11M | 1.39M |
| Total Liabilities | 21.78M | 22.08M | 19.54M | 9.80M | 3.54M | 2.28M |
| Stockholders Equity | -3.20M | -2.73M | -271.00K | 10.22M | 15.41M | 10.66M |
Cash Flow | ||||||
| Free Cash Flow | -5.51M | -3.33M | -6.59M | -8.99M | -7.77M | -7.52M |
| Operating Cash Flow | -2.13M | -3.04M | -4.27M | -5.08M | -3.43M | -4.98M |
| Investing Cash Flow | -3.34M | -3.68M | -2.27M | -3.91M | -4.30M | -2.54M |
| Financing Cash Flow | 2.80M | 4.47M | 8.40M | 6.51M | 9.19M | 10.06M |
Ferro-Alloy Resources Ltd. Technical Analysis
Negative
6.68
Price Trends
5.82
Negative
6.63
Negative
7.11
Negative
Market Momentum
-0.35
Positive
35.21
Neutral
34.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FAR, the sentiment is Negative. The current price of 6.68 is above the 20-day moving average (MA) of 5.31, above the 50-day MA of 5.82, and below the 200-day MA of 7.11, indicating a bearish trend. The MACD of -0.35 indicates Positive momentum. The RSI at 35.21 is Neutral, neither overbought nor oversold. The STOCH value of 34.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:FAR.
Ferro-Alloy Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | £4.56M | ― | ― | ― | ― | ― | |
52 Neutral | £202.07M | -0.89 | -34.92% | 7.30% | -22.99% | -583.84% | |
51 Neutral | £50.06M | -6.86 | -481.24% | ― | ― | ― | |
49 Neutral | £67.73M | -28.64 | -6.85% | ― | ― | ― | |
47 Neutral | £93.48M | -2.48 | -17.08% | ― | ― | ― | |
43 Neutral | £28.51M | -5.03 | 279.54% | ― | -7.00% | 20.39% |
* Basic Materials Sector Average
GB:FAR
Ferro-Alloy Resources Ltd.
4.85
-2.60
-34.90%
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Ferro-Alloy Resources Ltd. Corporate Events
Other
Ferro-Alloy Director Sells Shares to Cover Tax Liabilities
Neutral
May 6, 2026
Ferro-Alloy Resources has disclosed that non-executive director James Turian sold 512,765 company shares in London, raising £27,424 to meet his personal tax and social security obligations linked to fees previously taken in shares. Following ...
Business Operations and StrategyExecutive/Board Changes
Ferro-Alloy Resources Grants Time-Based Share Options to Senior Management
Positive
May 1, 2026
Ferro-Alloy Resources has granted share options over 1,000,000 ordinary shares each to Chief Financial Officer William Callewaert and senior manager Andrey Andreyevich Kuznetsov under its existing share option scheme. The options, which represent ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Ferro-Alloy Resources Sharpens Balasausqandiq Economics as R&D Push Continues
Positive
Apr 30, 2026
Ferro-Alloy Resources reported its 2025 final results, highlighting a positive feasibility study for Phase 1 of the Balasausqandiq vanadium project, which points to the potential for one of the world’s largest and lowest-cost vanadium operat...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Ferro-Alloy Resources Confirms Admission of New Shares and Updated Voting Capital
Positive
Apr 1, 2026
Ferro-Alloy Resources has confirmed that 28,621,701 new ordinary shares issued earlier in March have now been admitted to trading on the London Stock Exchange’s Main Market. Following this issuance, the company’s total share capital wi...
Business Operations and StrategyPrivate Placements and Financing
Ferro-Alloy Resources Raises £1.57m to Advance Balasausqandiq Vanadium Project
Positive
Mar 10, 2026
Ferro-Alloy Resources has raised £1.57 million through the issue of 28.6 million new ordinary shares at 5.5p, a 21.4% discount to its prior closing price, to fund front-end engineering and design work for the Balasausqandiq vanadium project i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.