Foraco International (TSE:FAR) Reaches New 12-Month High – Here’s What Happened

Shares of Foraco International SA (TSE:FAR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$3.02 and last traded at C$3.00, with a volume of 401517 shares traded. The stock had previously closed at C$3.00.

Foraco International Price Performance

The firm has a market capitalization of C$297.55 million, a P/E ratio of 18.85 and a beta of 0.62. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.88 and a current ratio of 1.43. The business has a 50 day simple moving average of C$2.59 and a two-hundred day simple moving average of C$2.23.

Foraco International (TSE:FAR) last issued its quarterly earnings results on Thursday, October 30th. The company reported C$5.49 earnings per share (EPS) for the quarter. The firm had revenue of C$98.89 million during the quarter. Foraco International had a return on equity of 31.54% and a net margin of 8.42%. On average, sell-side analysts expect that Foraco International SA will post 0.5984655 EPS for the current fiscal year.

Foraco International Company Profile

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.