Foran Mining (CVE:FOM) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Foran Mining Co. (CVE:FOM) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Analyst Upgrades and Downgrades

FOM has been the topic of several research reports. Stifel Nicolaus upped their target price on 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. Ventum Financial boosted their price target on Foran Mining from C$6.00 to C$6.50 in a research note on Thursday, November 21st.

Foran Mining Stock Performance

The firm has a market cap of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. The firm’s 50 day moving average is C$3.23 and its 200-day moving average is C$3.23. The company has a debt-to-equity ratio of 13.01, a quick ratio of 2.90 and a current ratio of 6.55.

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.