Shares of Foran Mining Corp. (TSE:FOM - Get Free Report) shot up 2.6% on Friday . The company traded as high as C$2.86 and last traded at C$2.81. 931,454 shares were traded during mid-day trading, an increase of 49% from the average session volume of 627,229 shares. The stock had previously closed at C$2.74.
Analysts Set New Price Targets
Separately, BMO Capital Markets downgraded Foran Mining from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy".
Get Our Latest Stock Report on Foran Mining
Foran Mining Stock Performance
The company has a 50-day simple moving average of C$2.83 and a 200 day simple moving average of C$3.30. The company has a market capitalization of C$1.21 billion, a P/E ratio of -174.50 and a beta of 3.80.
Foran Mining Company Profile
(
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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.
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