Foran Mining (CVE:FOM) Trading Down 7.4%

Shares of Foran Mining Co. (CVE:FOM) dropped 7.4% during mid-day trading on Tuesday . The company traded as low as C$0.25 and last traded at C$0.25, approximately 59,500 shares traded hands during trading. An increase of 50% from the average daily volume of 39,763 shares. The stock had previously closed at C$0.27.

The firm has a fifty day moving average price of C$0.24 and a 200 day moving average price of C$0.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.34 and a current ratio of 2.51. The stock has a market cap of $29.93 million and a PE ratio of -19.23.

About Foran Mining (CVE:FOM)

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties in the Flin Flon Greenstone Belt in Saskatchewan, Canada. It primarily explores for copper, zinc, lead, gold, and silver deposits. The company's flagship project is the McIlvenna Bay property that covers an area of 20,382 hectares located in east central Saskatchewan.

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