Shares of Foran Mining Co. (CVE:FOM – Get Free Report) crossed below its 50 day moving average during trading on Tuesday. 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 1,032,727 shares trading hands.
Foran Mining Stock Performance
The company has a market capitalization of C$1.72 billion, a PE ratio of -247.76 and a beta of 3.68. The company has a debt-to-equity ratio of 18.16, a quick ratio of 2.90 and a current ratio of 6.01. The stock’s fifty day simple moving average is C$3.23 and its 200-day simple moving average is C$3.23.
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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