Foraco International (TSE:FAR) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Foraco International SA shares exceeded their 200-day moving average, with a recent trading high of C$2.20 and last priced at C$2.17.
• The company has a current debt-to-equity ratio of 115.59 and a market capitalization of C$213.49 million.
• Foraco specializes in mineral and water drilling services, particularly in challenging environments like deserts and mountainous regions.

Foraco International SA (TSE:FAR - ) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.88 and traded as high as C$2.20. Foraco International shares last traded at C$2.17, with a volume of 111,164 shares.

Foraco International Stock Up 1.9%

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 firm has a market capitalization of C$213.49 million, a PE ratio of 11.33 and a beta of 0.97. The firm has a 50-day moving average of C$1.93 and a two-hundred day moving average of C$1.88.

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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