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

Foraco International SA (TSE:FAR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$3.01 and last traded at C$2.95, with a volume of 356597 shares. The stock had previously closed at C$2.90.

Foraco International Stock Up 1.0%

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 stock has a market cap of C$288.68 million, a price-to-earnings ratio of 18.29 and a beta of 0.71. The firm’s 50-day moving average is C$2.43 and its 200 day moving average is C$2.15.

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

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. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.