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Foraco International (TSE:FAR) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Foraco International logo with Basic Materials background

Key Points

  • Foraco International's stock price has crossed above its 200-day moving average, reaching as high as C$2.10 during trading, with a latest price of C$2.09.
  • The company has a market capitalization of C$205.62 million and a debt-to-equity ratio of 115.59, indicating substantial leverage in its capital structure.
  • Foraco International specializes in mineral and water drilling services in challenging environments, with primary revenue sources from drilling contracts in mining and water exploration.
  • MarketBeat previews top five stocks to own in October.

Foraco International SA (TSE:FAR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.86 and traded as high as C$2.10. Foraco International shares last traded at C$2.09, with a volume of 177,456 shares.

Foraco International Stock Performance

The stock has a market cap of C$208.57 million, a P/E ratio of 11.07 and a beta of 0.97. The company has a fifty day moving average of C$1.87 and a 200 day moving average of C$1.87. The company has a debt-to-equity ratio of 115.59, a current ratio of 1.43 and a quick ratio of 0.88.

About Foraco International

(Get Free Report)

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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