Foran Mining Co. (OTCMKTS:FMCXF) Sees Large Increase in Short Interest

Foran Mining Co. (OTCMKTS:FMCXF) saw a significant increase in short interest during 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

OTCMKTS FMCXF opened at $2.55 on Tuesday. Foran Mining has a 1-year low of $2.41 and a 1-year high of $3.40. The business has a 50 day simple moving average of $2.80 and a two-hundred day simple moving average of $2.88.

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.