Foran Mining (TSE:FOM – Get Free Report) was upgraded by investment analysts at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.
Foran Mining Price Performance
Shares of TSE:FOM opened at C$3.66 on Thursday. Foran Mining has a 1 year low of C$2.46 and a 1 year high of C$4.69. The business has a 50 day simple moving average of C$2.94 and a two-hundred day simple moving average of C$3.18. The firm has a market capitalization of C$1.97 billion, a PE ratio of -122.00 and a beta of 0.50.
Insider Activity
In other Foran Mining news, Director Marie Inkster bought 24,150 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of C$2.67 per share, for a total transaction of C$64,504.65. Following the completion of the transaction, the director directly owned 37,600 shares of the company’s stock, valued at approximately C$100,429.60. This represents a 179.55% increase in their ownership of the stock. 19.96% of the stock is owned by company insiders.
About Foran Mining
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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