Foraco International SA (TSE:FAR – Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.28 and traded as high as C$2.86. Foraco International shares last traded at C$2.82, with a volume of 44,968 shares changing hands.
Foraco International Price Performance
The company’s 50-day simple moving average is C$2.65 and its 200-day simple moving average is C$2.28. The company has a debt-to-equity ratio of 115.59, a current ratio of 1.43 and a quick ratio of 0.88. The stock has a market capitalization of C$277.84 million, a price-to-earnings ratio of 17.60 and a beta of 0.62.
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.
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