Foraco International (TSE:FAR) Sets New 12-Month High – Here’s What Happened

Foraco International SA (TSE:FAR)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$2.56 and last traded at C$2.45, with a volume of 575080 shares. The stock had previously closed at C$2.40.

Foraco International Stock Performance

The stock has a market cap of C$241.39 million, a P/E ratio of 15.29 and a beta of 0.78. The stock has a fifty day simple moving average of C$2.15 and a 200-day simple moving average of C$1.96. The company has a quick ratio of 0.88, a current ratio of 1.43 and a debt-to-equity ratio of 115.59.

Foraco International (TSE:FAR) last issued its quarterly earnings data on Thursday, October 30th. The company reported C$5.49 EPS for the quarter. Foraco International had a return on equity of 31.54% and a net margin of 8.42%.The business had revenue of C$98.89 million for the quarter. Equities analysts expect that Foraco International SA will post 0.5984655 earnings per share for the current fiscal year.

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.