Foran Mining Co. (OTCMKTS:FMCXF) Short Interest Up 18.7% in June

Foran Mining Co. (OTCMKTS:FMCXF) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 4,862,700 shares, a growth of 18.7% from the May 31st total of 4,097,400 shares. Based on an average daily trading volume, of 82,900 shares, the days-to-cover ratio is presently 58.7 days.

Foran Mining Stock Performance

Shares of FMCXF traded up $0.04 during midday trading on Monday, hitting $2.86. The company had a trading volume of 21,100 shares, compared to its average volume of 48,292. The company’s 50-day simple moving average is $3.04 and its 200-day simple moving average is $3.00. Foran Mining has a 1 year low of $2.44 and a 1 year high of $3.37.

Foran Mining Company Profile

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.