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

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

Foran Mining Price Performance

FMCXF traded down $0.02 during trading on Tuesday, reaching $2.91. 75,650 shares of the company’s stock were exchanged, compared to its average volume of 62,589. The company’s fifty day moving average price is $2.77 and its 200-day moving average price is $2.89. Foran Mining has a fifty-two week low of $2.41 and a fifty-two week high of $3.41.

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.