Foran Mining (CVE:FOM) Share Price Crosses Above Fifty Day Moving Average – Time to 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 traded.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Foran Mining from C$4.75 to C$5.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Ventum Financial raised their target price on shares of Foran Mining from C$6.00 to C$6.50 in a report on Thursday, November 21st.

Foran Mining Trading Up 3.9 %

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 company has a 50-day moving average of C$3.23 and a 200 day moving average of C$3.23. The company has a market cap of C$828.20 million, a PE 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.