Is Foran Mining Corporation’s Fuel For Real? The Stock Just Has Lifted Again

 Is Foran Mining Corporation's Fuel For Real? The Stock Just Has Lifted Again

The stock of Foran Mining Corporation (CVE:FOM) is a huge mover today! About 400,500 shares traded hands or 237.21% up from the average. Foran Mining Corporation (CVE:FOM) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
The move comes after 8 months positive chart setup for the $27.55 million company. It was reported on Nov, 28 by Barchart.com. We have $0.31 PT which if reached, will make CVE:FOM worth $2.48M more.

Another recent and important Foran Mining Corporation (CVE:FOM) news was published by Marketwired.com which published an article titled: “Foran Announces Closing of Non-Brokered Financing for Proceeds of $1000000” on June 30, 2016.

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 $27.55 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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