Foraco International (TSE:FAR) Reaches New 52-Week High at $0.94

Foraco International SA (TSE:FAR) shares reached a new 52-week high on Wednesday . The stock traded as high as C$0.94 and last traded at C$0.94, with a volume of 12708 shares changing hands. The stock had previously closed at C$0.91.

The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 913.45. The stock has a market capitalization of C$82.69 million and a P/E ratio of 15.86. The firm’s 50 day simple moving average is C$0.72 and its two-hundred day simple moving average is C$0.57.

Foraco International (TSE:FAR) last posted its quarterly earnings results on Thursday, March 4th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$70.61 million during the quarter. As a group, equities research analysts expect that Foraco International SA will post -0.06 earnings per share for the current year.

Foraco International Company Profile (TSE:FAR)

Foraco International SA, together with its subsidiaries, provides drilling services worldwide. It operates through Mining and Water segments. The company offers its drilling services in the exploration, development, and production related underground water drilling services. It also drills wells for drinking, irrigation, and industrial water; and undertakes a range of projects, including large scale village water drilling programs, specialized drilling projects to access mineral water using sanitary protection methods, and large diameter well fields for residential supply in urban environments, as well as provides inspection, servicing, and rehabilitation services for existing wells.

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