Foran Mining (CVE:FOM) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Foran Mining Co. (CVE:FOM) passed below its 50 day moving average during trading on Monday . 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.

Wall Street Analyst Weigh In

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

Foran Mining Price Performance

The company’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 market cap of C$828.20 million, a PE ratio of -64.60 and a beta of 3.68. The company has a debt-to-equity ratio of 13.01, a quick ratio of 2.90 and a current ratio of 6.55.

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.