Foran Mining (CVE:FOM) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Foran Mining Co. (CVE:FOMGet Free Report)’s stock price passed above its 50-day moving average during trading on Thursday . 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.

Foran Mining Stock Performance

The company’s 50-day simple moving average is C$3.23 and its 200 day simple moving average is C$3.23. The stock has a market cap 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.

Foran Mining Company Profile

(Get Free Report)

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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