Shares of Foraco International SA (TSE:FAR - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.29 and traded as high as C$2.36. Foraco International shares last traded at C$2.24, with a volume of 68,371 shares traded.
Wall Street Analysts Forecast Growth
Separately, Desjardins set a C$4.25 price objective on Foraco International and gave the stock a "buy" rating in a report on Tuesday, December 3rd.
Read Our Latest Stock Report on FAR
Foraco International Price Performance
The firm has a market cap of C$145.96 million, a price-to-earnings ratio of 5.40 and a beta of 1.25. The company's fifty day moving average is C$2.32 and its 200 day moving average is C$2.28. The company has a quick ratio of 0.88, a current ratio of 1.43 and a debt-to-equity ratio of 115.59.
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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