Foran Mining Co. (OTCMKTS:FMCXF) Sees Significant Growth in Short Interest

Foran Mining Co. (OTCMKTS:FMCXF) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 7,528,500 shares, an increase of 12.4% from the October 31st total of 6,700,700 shares. Based on an average daily volume of 137,700 shares, the days-to-cover ratio is presently 54.7 days.

Foran Mining Stock Down 2.2 %

FMCXF stock traded down $0.07 during mid-day trading on Monday, reaching $2.88. The company had a trading volume of 43,067 shares, compared to its average volume of 47,888. The stock has a 50 day simple moving average of $3.10 and a two-hundred day simple moving average of $2.94. Foran Mining has a 52 week low of $2.41 and a 52 week high of $3.40.

About Foran Mining

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.