Foran Mining (CVE:FOM) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Foran Mining Co. (CVE:FOM) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$3.23 and traded as high as C$3.25. Foran Mining shares last traded at C$3.23, with a volume of 1,032,727 shares.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial lifted their price target on shares of Foran Mining from C$6.00 to C$6.50 in a research note on Thursday, November 21st.

Foran Mining Stock Up 3.9 %

The company’s 50 day moving average price is C$3.23 and its two-hundred day moving average price is C$3.23. The stock has a market cap of C$1.72 billion, a P/E ratio of -247.76 and a beta of 3.68. The company has a current ratio of 6.03, a quick ratio of 2.90 and a debt-to-equity ratio of 6.98.

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.