Foran Mining (OTCMKTS:FMCXF) Trading 0.5% Higher – Here’s What Happened

Foran Mining Co. (OTCMKTS:FMCXF)’s share price traded up 0.5% during mid-day trading on Friday . The stock traded as high as $3.6150 and last traded at $3.6080. 13,921 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 115,018 shares. The stock had previously closed at $3.59.

Analyst Ratings Changes

FMCXF has been the topic of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Foran Mining in a research report on Tuesday, October 28th. BMO Capital Markets raised Foran Mining from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Foran Mining Stock Performance

The company’s 50 day moving average price is $2.88 and its two-hundred day moving average price is $2.47.

About Foran Mining

Foran Mining Corp. is a Vancouver, British Columbia–based mineral exploration and development company focused on discovering and advancing high-grade copper-zinc volcanogenic massive sulfide (VMS) deposits. The company’s flagship asset is the McIlvenna Bay project, a 100%-owned VMS deposit located in the prolific Flin Flon Greenstone Belt of northern Saskatchewan. McIlvenna Bay hosts a multi-million-tonne resource containing copper, zinc, gold and silver, and has been the subject of numerous drilling campaigns aimed at expanding the known mineralization and upgrading the project’s resource classification.

In addition to McIlvenna Bay, Foran holds a portfolio of complementary exploration properties in Saskatchewan’s mineral-rich Hanson Lake and Bigstone areas, where historic VMS showings and district-scale volcanogenic systems offer potential for new discoveries.