Shares of Foraco International SA (TSE:FAR - Get Free Report) rose 8.6% on Wednesday . The company traded as high as C$2.08 and last traded at C$2.02. Approximately 350,585 shares traded hands during trading, an increase of 436% from the average daily volume of 65,370 shares. The stock had previously closed at C$1.86.
Analyst Ratings Changes
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 Analysis on FAR
Foraco International Trading Down 1.5 %
The business has a 50 day moving average of C$2.30 and a 200 day moving average of C$2.26. The firm has a market cap of C$140.34 million, a price-to-earnings ratio of 5.20 and a beta of 1.25. 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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