Shares of Foran Mining Co. (CVE:FOM – Get Free Report) passed below its 50-day moving average during trading on Tuesday . 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 1,032,727 shares traded.
Foran Mining Stock Performance
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 is C$3.23 and its two-hundred day moving average is C$3.23. The company has a market capitalization of C$828.20 million, a P/E 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.
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