Foraco International (TSE:FAR) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Shares of Foraco International (TSE:FAR) crossed above its 200-day moving average of C$1.89, reaching a trading high of C$2.22.
• Despite this movement, the stock is currently down 1.8%, with a last traded price of C$2.19.
• The company operates in providing mineral and water drilling services and has a market capitalization of C$215.46 million.

Shares of Foraco International SA (TSE:FAR - ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.89 and traded as high as C$2.22. Foraco International shares last traded at C$2.19, with a volume of 77,597 shares trading hands.

Foraco International Stock Down 1.8%

The company's 50-day moving average is C$1.99 and its 200 day moving average is C$1.89. The company has a market capitalization of C$215.46 million, a PE ratio of 11.44 and a beta of 0.83. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.88 and a current ratio of 1.43.

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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