Foraco International (TSE:FAR) Share Price Crosses Above 200 Day Moving Average of $1.56

Foraco International SA (TSE:FARGet Rating)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.56 and traded as high as C$1.63. Foraco International shares last traded at C$1.63, with a volume of 350 shares changing hands.

Foraco International Price Performance

The business has a 50-day moving average price of C$1.54 and a 200 day moving average price of C$1.56. The company has a market cap of C$161.78 million and a price-to-earnings ratio of 7.41. The company has a current ratio of 1.51, a quick ratio of 0.88 and a debt-to-equity ratio of 163.64.

Foraco International (TSE:FARGet Rating) last announced its earnings results on Friday, October 28th. The company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$119.28 million for the quarter. As a group, research analysts expect that Foraco International SA will post 0.577451 earnings per share for the current fiscal year.

Foraco International Company Profile

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Foraco International SA, together with its subsidiaries, provides drilling services worldwide. It operates through two segments: Mining and Water. The company offers its drilling services to the mining and energy industry, such as exploration, development, and production related underground water drilling services.

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