Foran Mining Co. (CVE:FOM – Get Free Report)’s share price crossed 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.
Foran Mining Trading Up 3.9%
The company has a market cap of C$1.72 billion, a price-to-earnings ratio of -247.76 and a beta of 3.68. The company’s fifty day moving average price is C$3.23 and its two-hundred day moving average price is C$3.23. The company has a quick ratio of 2.90, a current ratio of 6.01 and a debt-to-equity ratio of 18.16.
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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.
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