Shares of Foran Mining Corp. (TSE:FOM - Get Free Report) were down 3.4% during trading on Tuesday . The company traded as low as C$3.15 and last traded at C$3.17. Approximately 407,093 shares traded hands during trading, a decline of 27% from the average daily volume of 560,112 shares. The stock had previously closed at C$3.28.
Analysts Set New Price Targets
Separately, BMO Capital Markets cut shares of Foran Mining from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th.
Read Our Latest Report on FOM
Foran Mining Price Performance
The firm has a market cap of C$1.31 billion, a PE ratio of -189.39 and a beta of 3.80. The business's 50 day moving average price is C$3.27 and its 200 day moving average price is C$3.69.
About Foran Mining
(
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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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