Foraco International (TSE:FAR) Reaches New 52-Week High – Here’s Why

Shares of Foraco International SA (TSE:FAR) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$2.61 and last traded at C$2.60, with a volume of 149424 shares changing hands. The stock had previously closed at C$2.56.

Foraco International Stock Performance

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 cap of C$268.97 million, a price-to-earnings ratio of 17.04 and a beta of 0.71. The stock’s 50 day moving average is C$2.37 and its two-hundred day moving average is C$2.12.

Foraco International (TSE:FAR) last announced its earnings results on Thursday, October 30th. The company reported C$5.49 EPS for the quarter. Foraco International had a net margin of 8.42% and a return on equity of 31.54%. The business had revenue of C$98.89 million during the quarter. Analysts anticipate that Foraco International SA will post 0.5984655 earnings per share for the current fiscal year.

About Foraco International

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.