Foraco International SA (TSE:FAR – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.84 and traded as high as C$2.89. Foraco International shares last traded at C$2.82, with a volume of 28,092 shares changing hands.
Foraco International Stock Performance
The stock has a market capitalization of C$273.28 million, a price-to-earnings ratio of 22.37 and a beta of 1.21. The company has a debt-to-equity ratio of 100.98, a current ratio of 1.20 and a quick ratio of 0.88. The stock has a 50-day moving average of C$2.64 and a 200 day moving average of C$2.84.
Insider Activity at Foraco International
In other Foraco International news, Director Daniel Louis Simoncini sold 2,000,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$3.02, for a total transaction of C$6,040,000.00. Following the completion of the sale, the director owned 10,571,225 shares in the company, valued at approximately C$31,925,099.50. The trade was a 15.91% decrease in their position. Also, Director Jean-Pierre Maurice Charmensat sold 2,000,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$3.02, for a total value of C$6,040,000.00. Following the completion of the transaction, the director directly owned 17,583,966 shares in the company, valued at approximately C$53,103,577.32. This trade represents a 10.21% decrease in their position. 35.74% of the stock is owned by insiders.
Foraco International Company Profile
Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 16 countries across five continents.
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