Foraco International SA (TSE:FAR) Director Acquires C$10,090.00 in Stock

Foraco International SA (TSE:FAR) Director William Warren Holmes bought 5,000 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of C$2.02 per share, for a total transaction of C$10,090.00.

Foraco International Trading Down 0.5 %

Shares of Foraco International stock traded down C$0.01 during trading on Tuesday, hitting C$1.89. 33,073 shares of the company were exchanged, compared to its average volume of 85,088. The firm’s fifty day moving average price is C$2.26 and its 200 day moving average price is C$2.24. The company has a debt-to-equity ratio of 115.59, a current ratio of 1.43 and a quick ratio of 0.88. The firm has a market capitalization of C$132.62 million, a P/E ratio of 4.91 and a beta of 1.25. Foraco International SA has a 1-year low of C$1.83 and a 1-year high of C$3.27.

Wall Street Analysts Forecast Growth

Separately, Desjardins set a C$4.25 target price on shares of Foraco International and gave the company a “buy” rating in a research note on Tuesday, December 3rd.

Foraco International Company Profile

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.