Foran Mining (CVE:FOM) Stock Passes Above 50 Day Moving Average – Should You Sell?

Foran Mining Co. (CVE:FOM)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.23 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 trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FOM shares. Ventum Financial upped their price target on Foran Mining from C$6.00 to C$6.50 in a report on Thursday, November 21st. Stifel Nicolaus boosted their target price on shares of Foran Mining from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th.

Foran Mining Price Performance

The business has a fifty day moving average of C$3.23 and a 200 day moving average of C$3.23. The company has a debt-to-equity ratio of 13.01, a current ratio of 6.55 and a quick ratio of 2.90. The stock has a market cap of C$828.20 million, a PE ratio of -64.60 and a beta of 3.68.

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.