Foran Mining Co. (OTCMKTS:FMCXF) Short Interest Up 7.8% in December

Foran Mining Co. (OTCMKTS:FMCXF) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 8,079,700 shares, an increase of 7.8% from the December 15th total of 7,496,800 shares. Based on an average daily trading volume, of 250,700 shares, the short-interest ratio is presently 32.2 days.

Foran Mining Price Performance

FMCXF traded up $0.02 during trading on Friday, hitting $2.76. 29,968 shares of the company’s stock were exchanged, compared to its average volume of 42,515. Foran Mining has a 1 year low of $2.41 and a 1 year high of $3.40. The stock has a 50 day moving average price of $2.88 and a 200 day moving average price of $2.90.

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.