Foraco International (TSE:FAR) Reaches New 52-Week Low - Here's Why

Key Points

• Foraco International SA's stock reached a new 52-week low at C$1.59 during trading, closing at C$1.60 with a volume of 111,847 shares exchanged.
• The company has a market capitalization of C$112.27 million and significant debt-to-equity ratio of 115.59.
• Foraco specializes in providing mineral and water drilling services in challenging environments, focusing on drilling contracts for mining and water exploration companies.

Foraco International SA (TSE:FAR - ) hit a new 52-week low during trading on Thursday . The company traded as low as C$1.59 and last traded at C$1.60, with a volume of 111847 shares changing hands. The stock had previously closed at C$1.63.

Foraco International Stock Down 1.8%

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 company has a market capitalization of C$112.27 million, a PE ratio of 4.16 and a beta of 1.25. The business's 50-day simple moving average is C$1.80 and its 200-day simple moving average is C$1.94.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.