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Foraco International (TSE:FAR) Hits New 1-Year Low - Here's What Happened

Foraco International logo with Basic Materials background

Foraco International SA (TSE:FAR - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as C$1.79 and last traded at C$1.85, with a volume of 36200 shares. The stock had previously closed at C$2.00.

Foraco International Price Performance

The stock has a market capitalization of C$129.12 million, a price-to-earnings ratio of 4.78 and a beta of 1.25. 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 company has a fifty day simple moving average of C$2.05 and a two-hundred day simple moving average of C$2.20.

About Foraco International

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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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