Foran Mining Corporation (FMCXF) (CVE:FOM) Stock Extends Rally: Gains 6%

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Over the past week, Foran Mining Corporation (OTCMKTS:FMCXF) (CVE:FOM) has emerged as one of the most powerful players in the market and the situation remained the same on Tuesday, with the stock posting gains of 6 % for the day. This brought the total gains made over the past week to 20%.

Commercial data

On Monday, FMCXF stock ended up 6.25% at $2.21 with over 115,000 shares, compared to its average volume of 10,500 shares. The stock moved into a range of $2.1000 to $2.2100 after trading opened at $2.10.

Foran announces the appointment of Mr. David Bernier as Chief Operating Officer

While it’s true that there hasn’t been any news from the company over the past week, it might be a good idea to look at a development from the start of the month on January 4th. At the time, the company announced that it had made David K ​​Bernier its new chief operating officer.

The appointment took effect immediately. The appointment of a new COO is almost always a major event for any company, however, it is still unclear whether the latest rally in Foran Mining stock was related to this or not.

At the same time, it should be noted that Bernier is a very experienced executive, having held various positions in the mining industry during a career spanning more than a quarter of a century. Investors would do well to keep an eye on Foran Mining stock.

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