Short Interest in Foran Mining Co. (OTCMKTS:FMCXF) Grows By 7.1%

Foran Mining Co. (OTCMKTS:FMCXF) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,546,500 shares, a growth of 7.1% from the March 15th total of 3,312,500 shares. Based on an average daily trading volume, of 90,900 shares, the short-interest ratio is currently 39.0 days.

Foran Mining Stock Performance

Foran Mining stock opened at $3.05 on Thursday. The company has a 50-day simple moving average of $2.97 and a 200-day simple moving average of $2.97. Foran Mining has a one year low of $2.23 and a one year high of $3.28.

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 McIlvenna Bay property comprising 38 claims that covers a total area of 20,907 hectares located in east central Saskatchewan.