Foran Mining (CVE:FOM) Stock Passes Below Fifty Day Moving Average of $3.23

Foran Mining Co. (CVE:FOM) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.23 and traded as low as C$3.09. Foran Mining shares last traded at C$3.23, with a volume of 1,032,725 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Ventum Financial upped their price target on Foran Mining from C$5.75 to C$6.00 in a research note on Tuesday, June 4th.

Foran Mining Stock Up 3.9 %

The company has a current ratio of 6.55, a quick ratio of 2.90 and a debt-to-equity ratio of 13.01. The stock has a market capitalization of C$828.20 million, a PE ratio of -64.60 and a beta of 3.68. The stock’s fifty day simple moving average is C$3.23 and its 200-day simple moving average is C$3.23.

Foran Mining Company Profile

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for copper, zinc, gold, and silver deposits. Its flagship project is the McIlvenna Bay property comprising 38 claims that covers a total area of 20,907 hectares located in east central Saskatchewan.