Could Foran Mining Corporation See a Reversal After This Very Weak Session?

 Could Foran Mining Corporation See a Reversal After This Very Weak Session?

The stock of Foran Mining Corporation (CVE:FOM) is a huge mover today! About 613,715 shares traded hands or 508.19% up from the average. Foran Mining Corporation (CVE:FOM) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 9 months negative chart setup for the $26.10 million company. It was reported on Nov, 25 by Barchart.com. We have $0.25 PT which if reached, will make CVE:FOM worth $1.83M less.

More recent Foran Mining Corporation (CVE:FOM) news were published by: Marketwired.com which released: “Foran Announces Closing of Non-Brokered Financing for Proceeds of $1000000” on June 30, 2016. Also Investorplace.com published the news titled: “6 Gold Experts Reveal How to Make Money in Any Market” on March 25, 2015. Stockhouse.com‘s news article titled: “InvestmentPitch Media Invites Investors to the TakeStock Alberta Investor …” with publication date: November 01, 2016 was also an interesting one.

Foran Mining Corporation is a Canada company, which is engaged in the acquisition, exploration and development of mineral properties. The company has a market cap of $26.10 million. The Firm has approximately six properties in Saskatchewan consisting of a total of over 50 claims for over 43,560 hectares, located between 12 and 90 kilometers west of Flin Flon, Manitoba. It currently has negative earnings. The Company’s Saskatchewan properties include McIlvenna Bay Property, which is located over 60 kilometers west of Flin Flon, in east central Saskatchewan; Bigstone Property, which consists of over 10 claims totaling approximately 16,120 hectares; Balsam Property, which consists of over seven claims totaling approximately 4,070 hectares; Hanson Property, which includes over two claims totaling approximately 2,560 hectares; Sam Property, which includes over four contiguous claims totaling approximately 1,530 hectares, and Comeback Bay Property, which includes over two claims totaling approximately 180 hectares.

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