Foraco International (TSE:FAR) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Foraco International's shares recently crossed above their 200-day moving average, indicating a potential positive shift in market sentiment.
• The company's stock last traded at C$2.17, with a market capitalization of C$213.49 million and a PE ratio of 11.33.
• Foraco specializes in providing mineral and water drilling services, particularly in challenging environments, which supports its revenue sources from mining and water exploration contracts.

Foraco International SA (TSE:FAR - )'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.87 and traded as high as C$2.17. Foraco International shares last traded at C$2.17, with a volume of 245,131 shares trading hands.

Foraco International Price Performance

The stock has a market capitalization of C$213.49 million, a PE ratio of 11.33 and a beta of 0.97. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.88 and a current ratio of 1.43. The stock's 50 day moving average is C$1.89 and its two-hundred day moving average is C$1.87.

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.

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