Foran Mining (CVE:FOM) Stock Crosses Above 50-Day Moving Average of $3.40

Shares of Foran Mining Co. (CVE:FOM – Get Rating) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.40 and traded as high as C$3.76. Foran Mining shares last traded at C$3.71, with a volume of 82,802 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FOM shares. Pi Financial boosted their price objective on shares of Foran Mining from C$4.00 to C$4.25 in a research report on Tuesday, February 7th. Scotiabank upped their price target on shares of Foran Mining from C$3.50 to C$4.00 in a research report on Monday, March 6th. Cormark upped their price target on shares of Foran Mining from C$2.75 to C$3.15 in a research report on Thursday, December 1st. BMO Capital Markets upped their price target on shares of Foran Mining from C$3.50 to C$4.25 in a research report on Tuesday, March 7th. Finally, National Bankshares dropped their price target on shares of Foran Mining from C$3.75 to C$3.30 in a research report on Monday, January 9th.

Foran Mining Trading Down 2.4 %

The company has a quick ratio of 2.90, a current ratio of 2.92 and a debt-to-equity ratio of 0.49. The firm’s 50 day simple moving average is C$3.40 and its 200-day simple moving average is C$2.89. The company has a market capitalization of C$847.44 million, a PE ratio of -185.50 and a beta of 3.71.

About Foran Mining

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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.