Foran Mining (CVE:FOM) Stock Price Crosses 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.

Wall Street Analysts Forecast Growth

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

Foran Mining Trading Up 3.9 %

The firm’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 quick ratio of 2.90, a current ratio of 6.03 and a debt-to-equity ratio of 6.98. The firm has a market capitalization of C$1.72 billion, a PE 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.