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The latest announcement is out from Ferro-Alloy Resources Ltd. ( (GB:FAR) ).
Ferro-Alloy Resources Limited has announced the issuance of 1,684,160 ordinary shares to non-executive directors and suppliers in lieu of cash payments, alongside a share subscription of 80,823 shares from its newly appointed market maker. This strategic move aims to optimize financial operations by utilizing equity for director fees and supplier settlements, potentially strengthening the company’s financial positioning and shareholder value.
More about Ferro-Alloy Resources Ltd.
Ferro-Alloy Resources Limited operates in the mining industry, primarily focusing on the production and development of vanadium products. The company is centered around the large Balasausqandiq vanadium deposit located in Southern Kazakhstan.
YTD Price Performance: 69.57%
Average Trading Volume: 2,479,410
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £47.11M
For a thorough assessment of FAR stock, go to TipRanks’ Stock Analysis page.
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