Foraco International (TSE:FAR) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Foraco International's stock price has recently surpassed its 200-day moving average, climbing to a high of C$2.23 before closing at C$2.21.
• The company specializes in mineral and water drilling services, particularly in harsh environments such as deserts and mountainous regions, with a current market cap of C$217.43 million.
• Foraco's financial ratios include a current ratio of 1.43, a quick ratio of 0.88, and a debt-to-equity ratio of 115.59, indicating an overall stable financial position.

Foraco International SA (TSE:FAR - )'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.90 and traded as high as C$2.23. Foraco International shares last traded at C$2.21, with a volume of 157,200 shares changing hands.

Foraco International Price Performance

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's fifty day moving average is C$2.06 and its two-hundred day moving average is C$1.90. The stock has a market cap of C$217.43 million, a price-to-earnings ratio of 11.54 and a beta of 0.83.

About Foraco International

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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