Foran Mining (OTCMKTS:FMCXF) Trading Up 0.5% – Time to Buy?

Foran Mining Co. (OTCMKTS:FMCXF)’s stock price traded up 0.5% during trading on Friday . The stock traded as high as $3.6150 and last traded at $3.6080. 13,921 shares changed hands during trading, a decline of 88% from the average session volume of 115,018 shares. The stock had previously closed at $3.59.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FMCXF shares. BMO Capital Markets upgraded shares of Foran Mining from a “market perform” rating to an “outperform” rating in a report on Thursday, September 25th. Scotiabank restated an “outperform” rating on shares of Foran Mining in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Foran Mining Trading Up 0.5%

The stock’s 50-day simple moving average is $2.88 and its 200 day simple moving average is $2.47.

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.