What drove the large pre-market volume in FOM.TO stock today?

The primary driver is Eldorado Gold’s announced acquisition of Foran. The court-approved plan and exchange ratio prompted heavy trading and a relative volume spike to **5.65x**, as investors reposition ahead of the planned Q2 2026 close.

How does the takeover affect FOM.TO stock shareholders?

Foran shareholders will receive **0.1128** Eldorado shares plus **C$0.01** cash per share, implying a C$3.8 billion valuation. Upon completion, Foran shares will be delisted from the TSX and holders will hold pro‑rata Eldorado exposure.

What are the near-term technical risks for FOM.TO stock traders?

Short-term risks include overbought momentum (RSI **80.92**), stretched price vs moving averages, and event risk from regulatory approvals. High volume can cause rapid swings; employ tight stops and size for liquidity.

What is Meyka AI’s official rating for FOM.TO stock?

Meyka AI rates FOM.TO with a score out of 100: **61.56 (Grade B — HOLD)**. This grade factors in benchmark, sector, growth, metrics and analyst consensus and is informational only.

CA Stocks

FOM.TO Foran Mining TSX pre-mkt C$6.25 03 Feb 2026: Eldorado deal sparks volume

ByDanny Kontos February 3, 2026

The main fact: FOM.TO stock trades at C$6.25 pre-market on 03 Feb 2026 after Eldorado’s agreed takeover, with 10,451,734 shares changing hands and price down -5.16% from the prior close. Foran Mining Corporation (FOM.TO) on the TSX is the centre of one of the market’s most active setups today as acquisition terms and delisting timing collide with very high liquidity. Meyka AI’s market tools flagged the spike in volume and relative volume of 5.65x, signalling a short-term active-trader opportunity and higher volatility for Canada-listed mining exposure.