Short Interest in Foran Mining Co. (OTCMKTS:FMCXF) Grows By 7.8%

Foran Mining Co. (OTCMKTS:FMCXF) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 8,079,700 shares, an increase of 7.8% from the December 15th total of 7,496,800 shares. Based on an average daily trading volume, of 250,700 shares, the days-to-cover ratio is presently 32.2 days.

Foran Mining Stock Performance

OTCMKTS:FMCXF opened at $2.76 on Tuesday. The stock’s fifty day simple moving average is $2.87 and its 200-day simple moving average is $2.90. Foran Mining has a 12-month low of $2.41 and a 12-month high of $3.40.

Foran Mining Company Profile

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for copper, zinc, gold, and silver deposits. Its flagship project is the 100% owned McIlvenna Bay project comprising 44 claims that covers a total area of 29,418 hectares located in Saskatchewan, Canada.