Short Interest in Foran Mining Co. (OTCMKTS:FMCXF) Rises By 6.8%

Foran Mining Co. (OTCMKTS:FMCXF) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 8,557,500 shares, an increase of 6.8% from the January 15th total of 8,014,800 shares. Based on an average trading volume of 136,700 shares, the short-interest ratio is currently 62.6 days.

Foran Mining Stock Performance

FMCXF stock traded down $0.02 during midday trading on Monday, hitting $2.93. The company’s stock had a trading volume of 39,082 shares, compared to its average volume of 62,156. Foran Mining has a 52-week low of $2.41 and a 52-week high of $3.40. The firm has a 50-day simple moving average of $2.77 and a 200-day simple moving average of $2.89.

Foran Mining Company Profile

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.