Foraco International (TSE:FAR) Sets New 1-Year High at $3.22

Foraco International SA (TSE:FAR)’s share price reached a new 52-week high on Friday . The company traded as high as C$3.22 and last traded at C$3.18, with a volume of 173258 shares. The stock had previously closed at C$3.11.

Wall Street Analysts Forecast Growth

Separately, Clarus Securities reiterated a “buy” rating on shares of Foraco International in a report on Monday, March 18th.

Foraco International Trading Up 1.6 %

The company has a market capitalization of C$311.67 million, a PE ratio of 8.10 and a beta of 1.31. The stock’s fifty day moving average price is C$2.82 and its two-hundred day moving average price is C$2.27. The company has a quick ratio of 0.88, a current ratio of 1.49 and a debt-to-equity ratio of 101.46.

Foraco International (TSE:FAR) last released its quarterly earnings results on Friday, February 16th. The company reported C$0.03 earnings per share (EPS) for the quarter. Foraco International had a net margin of 7.76% and a return on equity of 39.08%. The company had revenue of C$117.89 million during the quarter. Sell-side analysts anticipate that Foraco International SA will post 0.6533613 earnings per share for the current year.

Foraco International Company Profile

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.