Foran Mining (CVE:FOM) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Foran Mining Co. (CVE:FOM)’s stock price crossed below its 50 day moving average during trading on Monday . 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 changing hands.

Wall Street Analyst Weigh In

Separately, Ventum Financial raised 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 Performance

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