Short Interest in Foran Mining Co. (OTCMKTS:FMCXF) Increases By 7.8%

Foran Mining Co. (OTCMKTS:FMCXFGet Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 8,079,700 shares, an increase of 7.8% from the December 31st total of 7,496,800 shares. Based on an average daily trading volume, of 250,700 shares, the short-interest ratio is currently 32.2 days.

Foran Mining Stock Performance

Shares of Foran Mining stock opened at $2.55 on Tuesday. Foran Mining has a 12 month low of $2.41 and a 12 month high of $3.40. The stock’s fifty day moving average price is $2.80 and its 200-day moving average price is $2.88.

About Foran Mining

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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 100% owned McIlvenna Bay project comprising 44 claims that covers a total area of 29,418 hectares located in Saskatchewan, Canada.

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