Foraco International (TSE:FAR) Reaches New 1-Year High – Here’s What Happened

Foraco International SA (TSE:FARGet Free Report) hit a new 52-week high during trading on Friday . The company traded as high as C$3.21 and last traded at C$3.11, with a volume of 311104 shares trading hands. The stock had previously closed at C$2.98.

Foraco International Price Performance

The company’s 50 day simple moving average is C$2.67 and its 200 day simple moving average is C$2.29. The company has a current ratio of 1.43, a quick ratio of 0.88 and a debt-to-equity ratio of 115.59. The stock has a market capitalization of C$314.29 million, a PE ratio of 19.91 and a beta of 0.62.

About Foraco International

(Get Free Report)

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.

Further Reading

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