Foran Mining (CVE:FOM) Stock Passes Above 50-Day Moving Average – Should You Sell?

Foran Mining Co. (CVE:FOM) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 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.

Analyst Ratings Changes

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

Foran Mining Trading Up 3.9 %

The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -247.76 and a beta of 3.68. The business’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 quick ratio of 2.90, a current ratio of 6.03 and a debt-to-equity ratio of 6.98.

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.