Foran Mining (CVE:FOM) Stock Price Up 3.9% – Still a Buy?

Shares of Foran Mining Co. (CVE:FOM) rose 3.9% during mid-day trading on Friday. The company traded as high as C$3.25 and last traded at C$3.23. Approximately 1,032,727 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 494,615 shares. The stock had previously closed at C$3.11.

Foran Mining Stock Up 3.9%

The business’s fifty day moving average price is C$3.23 and its 200 day moving average price is C$3.23. The company has a market capitalization of C$1.72 billion, a P/E ratio of -247.76 and a beta of 3.68. The company has a current ratio of 6.01, a quick ratio of 2.90 and a debt-to-equity ratio of 18.16.

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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.