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Foraco International (TSE:FAR) Hits New 1-Year Low - Time to Sell?

Foraco International logo with Basic Materials background

Foraco International SA (TSE:FAR - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$1.65 and last traded at C$1.65, with a volume of 9896 shares. The stock had previously closed at C$1.68.

Foraco International Trading Down 1.8%

The stock's fifty day simple moving average is C$1.83 and its two-hundred day simple moving average is C$2.07. The firm has a market cap of C$115.08 million, a PE ratio of 4.26 and a beta of 1.25. The company has a quick ratio of 0.88, a current ratio of 1.43 and a debt-to-equity ratio of 115.59.

Foraco International Company Profile

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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.

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