Foraco International (TSE:FAR) Stock Crosses Above 200 Day Moving Average of $1.97

Foraco International SA (TSE:FARGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.97 and traded as high as C$2.95. Foraco International shares last traded at C$2.95, with a volume of 193,426 shares changing hands.

Foraco International Price Performance

The firm has a market cap of C$290.46 million, a price-to-earnings ratio of 6.70 and a beta of 1.21. The company has a debt-to-equity ratio of 110.84, a quick ratio of 0.88 and a current ratio of 1.51. The business has a 50 day simple moving average of C$2.25 and a 200-day simple moving average of C$1.97.

Insider Buying and Selling at Foraco International

In other news, Senior Officer Fabien Sevestre sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$1.95, for a total value of C$29,250.00. Company insiders own 35.72% of the company’s stock.

Foraco International Company Profile

(Get Free Report)

Foraco International SA, together with its subsidiaries, provides drilling services worldwide. It operates through two segments: Mining and Water. The company offers its drilling services to the mining and energy industry, such as exploration, development, and production related drilling services. It also drills wells for drinking, irrigation, and industrial water; and undertakes a range of projects, including village water drilling programs, specialized drilling projects to access mineral water using sanitary protection methods, and large diameter well fields for residential supply in urban environments, as well as provides inspection, servicing, and rehabilitation services for existing wells.

Further Reading

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