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 traded.

Analysts Set New Price Targets

FOM has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on shares of Foran Mining from C$4.75 to C$5.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Ventum Financial lifted their price target on shares of Foran Mining from C$6.00 to C$6.50 in a report on Thursday, November 21st.

Foran Mining Stock Up 3.9 %

The firm has a market cap of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. The stock has a 50-day moving average of C$3.23 and a 200-day moving average of 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.

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.