Foran Mining Co. (CVE:FOM – Get Free Report) shares passed below its fifty day moving average during trading on Monday. The stock has a fifty 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 1,032,727 shares changing hands.
Foran Mining Price Performance
The company’s 50 day simple moving average is C$3.23 and its 200-day simple moving average is C$3.23. The company has a current ratio of 6.01, a quick ratio of 2.90 and a debt-to-equity ratio of 18.16. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -247.76 and a beta of 3.68.
About Foran Mining
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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.
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