Foran Mining (CVE:FOM) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Foran Mining Co. (CVE:FOM)’s share price passed above its 50 day moving average during trading on Tuesday . 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

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

Foran Mining Trading Up 3.9 %

The firm has a market cap of C$1.72 billion, a P/E ratio of -247.76 and a beta of 3.68. The company has a debt-to-equity ratio of 6.98, a current ratio of 6.03 and a quick ratio of 2.90. The stock has a 50 day moving average of C$3.23 and a 200 day moving average of C$3.23.

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.