Foran Mining (CVE:FOM) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Foran Mining Co. (CVE:FOM) crossed below its fifty day moving average during trading on Thursday . 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 trading hands.

Wall Street Analysts Forecast Growth

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

Foran Mining Stock Performance

The stock has a fifty day moving average of C$3.23 and a 200-day moving average of C$3.23. The company has a quick ratio of 2.90, a current ratio of 6.03 and a debt-to-equity ratio of 6.98. The stock has a market capitalization 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.