Foran Mining Co. (CVE:FOM – Get Free Report) shares 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 changing hands.
Foran Mining Stock Up 3.9%
The business has a 50 day moving average of C$3.23 and a 200 day moving average of C$3.23. The company has a debt-to-equity ratio of 18.16, a current ratio of 6.01 and a quick ratio of 2.90. The firm has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -247.76 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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.
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