Foraco International (TSE:FAR) Reaches New 12-Month High at $3.25

Foraco International SA (TSE:FAR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.25 and last traded at C$3.18, with a volume of 39335 shares. The stock had previously closed at C$3.23.

Analysts Set New Price Targets

Separately, Clarus Securities restated a "buy" rating on shares of Foraco International in a research note on Monday, March 18th.

Foraco International Stock Performance

The firm's 50 day moving average price is C$2.85 and its 200-day moving average price is C$2.30. The firm has a market cap of C$314.63 million, a price-to-earnings ratio of 8.18 and a beta of 1.31. The company has a debt-to-equity ratio of 101.46, a current ratio of 1.49 and a quick ratio of 0.88.

Foraco International (TSE:FAR - Get Free Report) last issued its earnings results on Friday, February 16th. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$117.89 million during the quarter. Foraco International had a return on equity of 39.08% and a net margin of 7.76%. On average, analysts anticipate that Foraco International SA will post 0.6533613 earnings per share for the current year.

Foraco International Company Profile

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.