Foraco International (TSE:FAR) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Foraco International SA (TSE:FAR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.28 and traded as high as C$2.86. Foraco International shares last traded at C$2.82, with a volume of 44,968 shares traded.

Foraco International Stock Down 1.1%

The stock has a market cap of C$277.84 million, a P/E ratio of 17.60 and a beta of 0.62. The firm has a 50 day simple moving average of C$2.65 and a 200-day simple moving average of 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

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. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.