Foran Mining Co. (OTCMKTS:FMCXF) Short Interest Up 12.4% in November

Foran Mining Co. (OTCMKTS:FMCXF) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 7,528,500 shares, an increase of 12.4% from the October 31st total of 6,700,700 shares. Based on an average daily volume of 137,700 shares, the days-to-cover ratio is currently 54.7 days.

Foran Mining Price Performance

FMCXF traded down $0.07 during trading on Tuesday, hitting $2.88. The company’s stock had a trading volume of 43,067 shares, compared to its average volume of 47,888. Foran Mining has a twelve month low of $2.41 and a twelve month high of $3.40. The stock’s fifty day moving average price is $3.09 and its 200-day moving average price is $2.94.

About Foran Mining

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for copper, zinc, gold, and silver deposits. Its flagship project is the 100% owned McIlvenna Bay project comprising 44 claims that covers a total area of 29,418 hectares located in Saskatchewan, Canada.