Foran Mining (CVE:FOM) Stock Crosses Above 50 Day Moving Average of $3.23

Foran Mining Co. (CVE:FOM) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 1,032,725 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FOM shares. Eight Capital increased their price objective on Foran Mining from C$6.00 to C$6.25 in a report on Thursday, July 11th. Ventum Financial raised their price objective on shares of Foran Mining from C$5.75 to C$6.00 in a research report on Tuesday, June 4th.

Foran Mining Trading Up 3.9 %

The company has a fifty day moving average of C$3.23 and a two-hundred day moving average of C$3.23. The company has a quick ratio of 2.90, a current ratio of 6.55 and a debt-to-equity ratio of 13.01. The stock has a market capitalization of C$828.20 million, a price-to-earnings ratio of -64.60 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.