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Foran Mining (TSE:FOM) Stock Price Down 3% - What's Next?

Foran Mining logo with background

Foran Mining Corp. (TSE:FOM - Get Free Report) fell 3% during mid-day trading on Wednesday . The stock traded as low as C$2.86 and last traded at C$2.88. 602,279 shares were traded during trading, an increase of 9% from the average session volume of 551,023 shares. The stock had previously closed at C$2.97.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded shares of Foran Mining from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th.

Check Out Our Latest Research Report on FOM

Foran Mining Trading Down 2.8%

The stock has a market capitalization of C$1.15 billion, a PE ratio of -166.17 and a beta of 3.80. The company's 50-day moving average is C$3.18 and its 200 day moving average is C$3.59.

About Foran Mining

(Get Free Report)

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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