Shares of Foran Mining Co. (CVE:FOM) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.20 and traded as low as $0.11. Foran Mining shares last traded at $0.11, with a volume of 11,250 shares.
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 firm has a fifty day simple moving average of C$0.19 and a 200-day simple moving average of C$0.24. The company has a market capitalization of $14.31 million and a PE ratio of -8.85.
In other news, Director Maurice Alan Tagami purchased 260,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average cost of C$0.11 per share, for a total transaction of C$28,600.00. Following the acquisition, the director now owns 1,316,500 shares of the company’s stock, valued at C$144,815.
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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