Foran Mining (TSE:FOM) Shares Down 3.9% – Here’s Why

Foran Mining Corp. (TSE:FOMGet Free Report) dropped 3.9% during trading on Friday . The stock traded as low as C$3.95 and last traded at C$3.97. Approximately 694,286 shares changed hands during mid-day trading, an increase of 59% from the average daily volume of 437,926 shares. The stock had previously closed at C$4.13.

Foran Mining Trading Down 3.9 %

The firm’s fifty day moving average price is C$3.97 and its 200-day moving average price is C$4.08. The company has a market cap of C$1.64 billion, a P/E ratio of -236.44 and a beta of 3.80.

Foran Mining Company Profile

(Get Free Report)

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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