Foran Mining (CVE:FOM) Stock Passes Above 50 Day Moving Average – What’s Next?

Foran Mining Co. (CVE:FOM) crossed above its 50-day moving average during trading on Tuesday . 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 trading hands.

Analysts Set New Price Targets

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

Foran Mining Price Performance

The company has a current ratio of 6.03, a quick ratio of 2.90 and a debt-to-equity ratio of 6.98. The business has a 50-day moving average price of C$3.23 and a 200 day moving average price of C$3.23. The stock has a market cap of C$1.72 billion, a PE ratio of -247.76 and a beta of 3.68.

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.