In the past week, the Foran Mining Corporation (OTCMKTS:FMCXF) (CVE:FOM) has emerged as one of the stronger movers in the market and the situation remained the same on Tuesday as the stock clocked gains of 6% for the day. That took the total gains made over the course of the past week to as much as 20%.
Trading Data
On Monday, FMCXF stock ended up by 6.25% to $2.21 with more than 1.15K shares, compared to its average volume of 10.5k shares. The stock has moved within a range of $2.1000 – 2.2100 after opening trade at $2.10.
Foran Announces Appointment of Mr. David Bernier as Chief Operating Officer
While it is true that there has been no news about the company in the past week, it could be a good idea to look into a development from earlier on the month on January 4. At the time, the company announced that it had made David K Bernier its new Chief Operating Officer.
The appointment went into effect immediately. The appointment of a new Chief Operating Officer is almost always a major event for any company, however, it is still unclear whether the latest rally in the Foran Mining stock was related to that or not.
At the same time, it ought to be noted that Bernier is a highly experienced executive, who has worked in a range of roles in the mining industry over the course of a career spanning more than a quarter of a century. Investors could do well to keep an eye on the Foran Mining stock.
