Foran Mining (TSE:FOM) Shares Down 3.4% – Time to Sell?

Foran Mining Corp. (TSE:FOMGet Free Report) shares fell 3.4% during mid-day trading on Tuesday . The company traded as low as C$3.15 and last traded at C$3.17. 407,093 shares were traded during mid-day trading, a decline of 27% from the average session volume of 560,112 shares. The stock had previously closed at C$3.28.

Wall Street Analysts Forecast Growth

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.

View Our Latest Research Report on Foran Mining

Foran Mining Stock Down 3.4%

The stock’s fifty day simple moving average is C$3.27 and its two-hundred day simple moving average is C$3.70. The firm has a market cap of C$1.31 billion, a PE ratio of -188.80 and a beta of 3.80.

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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