Foran Mining (CVE:FOM) Shares Pass Above 50-Day Moving Average of $3.40

Foran Mining Co. (CVE:FOM – Get Rating)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.40 and traded as high as C$3.76. Foran Mining shares last traded at C$3.71, with a volume of 82,802 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Scotiabank boosted their target price on Foran Mining from C$3.50 to C$4.00 in a report on Monday, March 6th. National Bankshares decreased their target price on Foran Mining from C$3.75 to C$3.30 in a report on Monday, January 9th. BMO Capital Markets upped their price target on Foran Mining from C$3.50 to C$4.25 in a report on Tuesday, March 7th. Eight Capital upped their price target on Foran Mining from C$4.25 to C$5.25 in a report on Tuesday, March 7th. Finally, Pi Financial upped their price target on Foran Mining from C$4.00 to C$4.25 in a report on Tuesday, February 7th.

Foran Mining Stock Performance

The stock has a market cap of C$847.44 million, a PE ratio of -185.50 and a beta of 3.71. The stock has a fifty day simple moving average of C$3.40 and a two-hundred day simple moving average of C$2.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 2.92.

About Foran Mining

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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.