Foran Mining (OTCMKTS:FMCXF) Trading Down 4.7% – Here’s What Happened

Foran Mining Co. (OTCMKTS:FMCXF)’s stock price fell 4.7% during trading on Wednesday . The stock traded as low as $4.60 and last traded at $4.64. 32,543 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 245,905 shares. The stock had previously closed at $4.87.

Foran Mining Trading Down 4.7%

The company has a 50-day moving average of $4.68 and a two-hundred day moving average of $3.41.

Foran Mining Company Profile

Foran Mining Corp. is a Vancouver, British Columbia–based mineral exploration and development company focused on discovering and advancing high-grade copper-zinc volcanogenic massive sulfide (VMS) deposits. The company’s flagship asset is the McIlvenna Bay project, a 100%-owned VMS deposit located in the prolific Flin Flon Greenstone Belt of northern Saskatchewan. McIlvenna Bay hosts a multi-million-tonne resource containing copper, zinc, gold and silver, and has been the subject of numerous drilling campaigns aimed at expanding the known mineralization and upgrading the project’s resource classification.

In addition to McIlvenna Bay, Foran holds a portfolio of complementary exploration properties in Saskatchewan’s mineral-rich Hanson Lake and Bigstone areas, where historic VMS showings and district-scale volcanogenic systems offer potential for new discoveries.