Foraco International (TSE:FAR) Stock Crosses Above Two Hundred Day Moving Average of $2.43

Foraco International SA (TSE:FAR)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.43 and traded as high as C$2.91. Foraco International shares last traded at C$2.83, with a volume of 46,595 shares changing hands.

Wall Street Analyst Weigh In

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

Foraco International Stock Performance

The company has a debt-to-equity ratio of 117.03, a quick ratio of 0.88 and a current ratio of 1.40. The company has a 50 day moving average price of C$2.95 and a 200 day moving average price of C$2.44. The company has a market capitalization of C$279.41 million, a PE ratio of 6.74 and a beta of 1.30.

Foraco International (TSE:FAR) last issued its 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 8.62% and a return on equity of 40.21%. The business had revenue of C$117.89 million for the quarter. Equities analysts forecast that Foraco International SA will post 0.6316964 EPS 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.