Foran Mining (CVE:FOM) Shares Pass Above 50 Day Moving Average – Here’s Why

Foran Mining Co. (CVE:FOMGet Free Report) passed above its fifty day moving average during trading on Wednesday . 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 1,032,727 shares trading hands.

Foran Mining Stock Performance

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 company has a market cap of C$1.72 billion, a PE ratio of -247.76 and a beta of 3.68. The firm has a fifty day simple moving average of C$3.23 and a 200-day simple moving average of C$3.23.

Foran Mining Company Profile

(Get Free Report)

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.

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