Foran Mining (TSE:FOM) Sets New 1-Year Low – Here’s Why

Foran Mining Corp. (TSE:FOMGet Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$2.86 and last traded at C$2.90, with a volume of 1259443 shares. The stock had previously closed at C$2.98.

Foran Mining Stock Down 2.7 %

The stock’s 50-day moving average price is C$3.88 and its 200 day moving average price is C$4.06. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of -172.72 and a beta of 3.80.

Foran Mining Company Profile

(Get Free Report)

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.

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