Foraco International SA (TSE:FAR) Director William Warren Holmes Purchases 5,000 Shares

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

Foraco International Trading Down 0.5 %

Foraco International stock traded down C$0.01 during trading hours on Tuesday, reaching C$1.89. 33,073 shares of the company’s stock were exchanged, compared to its average volume of 85,088. The firm’s 50 day simple moving average is C$2.26 and its 200 day simple moving average is C$2.24. The firm has a market capitalization of C$132.62 million, a PE ratio of 4.91 and a beta of 1.25. 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 SA has a twelve month low of C$1.83 and a twelve month high of C$3.27.

Wall Street Analyst Weigh In

Separately, Desjardins set a C$4.25 target price on Foraco International and gave the company a “buy” rating in a research report 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.