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

Foran Mining Co. (CVE:FOM)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Analyst Ratings Changes

FOM has been the topic of a number of recent analyst reports. National Bankshares set a C$5.50 price target on shares of Foran Mining and gave the company an “outperform” rating in a research note on Wednesday, December 13th. Stifel Nicolaus upped their price target on shares of Foran Mining from C$4.50 to C$4.75 in a research note on Thursday, December 14th.

Foran Mining Price Performance

The firm’s fifty 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 PE ratio of -64.60 and a beta of 3.68. The company has a current ratio of 6.55, a quick ratio of 2.90 and a debt-to-equity ratio of 13.01.

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.