Marie Inkster Buys 24,150 Shares of Foran Mining (TSE:FOM) Stock

Key Points

• Marie Inkster, a director at Foran Mining Corp, purchased 24,150 shares of the company at C$2.67 each, resulting in a total transaction of C$64,504.65.
• The transaction represented a 179.55% increase in her holdings, bringing her total ownership to 37,600 shares valued at approximately C$100,429.60.
• BMO Capital Markets downgraded Foran Mining from a "strong-buy" to a "hold" rating, while the stock currently maintains a consensus rating of "Buy."

Foran Mining Corp. (TSE:FOM - Get Free Report) Director Marie Inkster purchased 24,150 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average price of C$2.67 per share, for a total transaction of C$64,504.65. Following the purchase, the director owned 37,600 shares in the company, valued at C$100,429.60. The trade was a 179.55% increase in their position.

Foran Mining Stock Performance

FOM traded up C$0.03 on Tuesday, reaching C$3.18. The company had a trading volume of 887,523 shares, compared to its average volume of 649,411. Foran Mining Corp. has a fifty-two week low of C$2.46 and a fifty-two week high of C$4.69. The stock has a market cap of C$1.71 billion, a P/E ratio of -106.00 and a beta of 0.50. The company's fifty day moving average is C$2.81 and its 200 day moving average is C$3.23.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered Foran Mining from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Foran Mining currently has a consensus rating of "Buy".

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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