Foran Mining (TSE:FOM) Hits New 52-Week High – What’s Next?

Foran Mining Corp. (TSE:FOM)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$7.16 and last traded at C$7.09, with a volume of 923400 shares traded. The stock had previously closed at C$6.80.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded Foran Mining to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Foran Mining presently has a consensus rating of “Strong Buy”.

Foran Mining Stock Down 0.9%

The company’s fifty day moving average is C$4.82 and its two-hundred day moving average is C$3.78. The stock has a market cap of C$3.64 billion, a price-to-earnings ratio of -134.80 and a beta of 0.55.

Foran Mining (TSE:FOM) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.02 EPS for the quarter.

Foran Mining Company Profile

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.