Foran Mining (CVE:FOM) Stock Price Passes Below 50-Day Moving Average of $3.23

Shares of Foran Mining Co. (CVE:FOM) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.23 and traded as low as C$3.09. Foran Mining shares last traded at C$3.23, with a volume of 1,032,725 shares.

Wall Street Analyst Weigh In

Separately, Ventum Financial boosted their target price on Foran Mining from C$5.75 to C$6.00 in a research note on Tuesday, June 4th.

Foran Mining Stock Up 3.9 %

The company has a quick ratio of 2.90, a current ratio of 6.55 and a debt-to-equity ratio of 13.01. The company’s 50 day moving average price is C$3.23 and its 200 day moving average price is C$3.23. The firm has a market capitalization of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68.

About Foran Mining

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.