Foran Mining (TSE:FOM) Shares Down 2.4% - Should You Sell?

Key Points

• Foran Mining Corp. shares declined by 2.4%, trading at C$3.21, with a notable increase in trading volume of 82% compared to the average.
• Director Marie Inkster recently bought 24,150 shares at C$2.67 each, increasing her position in the company by 179.55% and emphasizing confidence among insiders.
• Foran Mining focuses on zinc-copper exploration along the Flin Flon Greenstone Belt, with a market cap of C$1.73 billion and a PE ratio of -107.00.

Foran Mining Corp. (TSE:FOM - ) shares were down 2.4% during mid-day trading on Monday . The company traded as low as C$3.20 and last traded at C$3.21. Approximately 1,242,343 shares were traded during trading, an increase of 82% from the average daily volume of 681,629 shares. The stock had previously closed at C$3.29.

Foran Mining Stock Down 2.4%

The company's fifty day moving average is C$2.83 and its 200 day moving average is C$3.21. The stock has a market cap of C$1.73 billion, a PE ratio of -107.00 and a beta of 0.50.

Insider Buying and Selling

In other Foran Mining news, Director Marie Inkster purchased 24,150 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of C$2.67 per share, for a total transaction of C$64,504.65. Following the completion of the acquisition, the director owned 37,600 shares of the company's stock, valued at approximately C$100,429.60. This represents a 179.55% increase in their position. Insiders own 19.96% of the company's stock.

Foran Mining Company Profile

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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