Foran Mining (OTCMKTS:FMCXF) Shares Up 0.5% – Should You Buy?

Foran Mining Co. (OTCMKTS:FMCXF)’s share price rose 0.5% during mid-day trading on Thursday . The stock traded as high as $4.59 and last traded at $4.5680. Approximately 146,796 shares were traded during trading, a decline of 6% from the average daily volume of 156,364 shares. The stock had previously closed at $4.5440.

Wall Street Analyst Weigh In

Separately, Scotiabank reiterated an “outperform” rating on shares of Foran Mining in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Foran Mining has a consensus rating of “Buy”.

Foran Mining Trading Up 8.8%

The business’s fifty day moving average price is $3.49 and its 200 day moving average price is $2.72.

About Foran Mining

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.