Foran Mining (CVE:FOM) Stock Passes Below 50-Day Moving Average – What’s Next?

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

Analyst Upgrades and Downgrades

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

Foran Mining Stock Up 3.9 %

The stock’s fifty day moving average is C$3.23 and its two-hundred day moving average is C$3.23. The company has a current ratio of 6.55, a quick ratio of 2.90 and a debt-to-equity ratio of 13.01. The firm has a market cap of C$828.20 million, a P/E ratio of -64.60 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.