Foraco International SA (TSE:FAR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.29 and traded as high as C$2.39. Foraco International shares last traded at C$2.36, with a volume of 8,350 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Desjardins set a C$4.25 price objective on shares of Foraco International and gave the stock a "buy" rating in a report on Tuesday, December 3rd.
Read Our Latest Analysis on Foraco International
Foraco International Price Performance
The firm's 50-day moving average is C$2.31 and its 200-day moving average is C$2.29. The company has a debt-to-equity ratio of 111.75, a current ratio of 1.40 and a quick ratio of 0.88. The company has a market capitalization of C$232.67 million, a P/E ratio of 5.76 and a beta of 1.25.
Foraco International Company Profile
(
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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.
Further Reading
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