Foran Mining (TSE:FOM) Trading Down 4% – Time to Sell?

Foran Mining Corp. (TSE:FOM)’s stock price was down 4% on Friday . The stock traded as low as C$5.71 and last traded at C$5.76. Approximately 1,827,235 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 2,746,949 shares. The stock had previously closed at C$6.00.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut shares of Foran Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Foran Mining Stock Down 4.0%

The stock has a market cap of C$3.11 billion, a PE ratio of -115.20 and a beta of 0.59. The business has a 50 day moving average price of C$6.44 and a 200 day moving average price of C$4.73.

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.