Foran Mining Corp. (TSE:FOM - Get Free Report)'s stock price fell 3% during trading on Wednesday . The company traded as low as C$2.86 and last traded at C$2.88. 602,279 shares traded hands during trading, an increase of 9% from the average session volume of 551,023 shares. The stock had previously closed at C$2.97.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets cut shares of Foran Mining from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th.
Get Our Latest Research Report on FOM
Foran Mining Price Performance
The stock's fifty day simple moving average is C$3.17 and its 200-day simple moving average is C$3.57. The firm has a market cap of C$1.15 billion, a PE ratio of -165.57 and a beta of 3.80.
Foran Mining Company Profile
(
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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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