Insider Buying: Foran Mining Co. (CVE:FOM) Director Acquires 260,000 Shares of Stock

Foran Mining Co. (CVE:FOM) Director Maurice Alan Tagami bought 260,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were acquired at an average price of C$0.11 per share, with a total value of C$28,600.00. Following the transaction, the director now directly owns 1,316,500 shares in the company, valued at approximately C$144,815.

Shares of Foran Mining stock traded down C$0.01 on Thursday, hitting C$0.26. 101,750 shares of the company’s stock traded hands, compared to its average volume of 43,329. The firm’s 50-day moving average price is C$0.27 and its two-hundred day moving average price is C$0.27. The stock has a market capitalization of $32.53 million and a PE ratio of -19.23. Foran Mining Co. has a one year low of C$0.22 and a one year high of C$0.35. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.51 and a quick ratio of 2.34.

About Foran Mining

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties in the Flin Flon Greenstone Belt in Saskatchewan, Canada. It primarily explores for copper, zinc, lead, gold, and silver deposits. The company's flagship project is the McIlvenna Bay property that covers an area of 20,382 hectares located in east central Saskatchewan.

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