Foraco International (TSE:FAR) Shares Pass Above Two Hundred Day Moving Average of $0.00

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Shares of Foraco International S.A. (TSE:FAR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $0.38. Foraco International shares last traded at $0.38, with a volume of 70,000 shares traded.

The company has a debt-to-equity ratio of 390.65, a current ratio of 1.63 and a quick ratio of 0.88. The firm has a market capitalization of $35.05 million and a P/E ratio of -7.04. The business has a 50 day moving average price of C$0.40.

About Foraco International (TSE:FAR)

Foraco International SA provides drilling services to mining and water projects worldwide. It operates through Mining and Water segments. The company offers its drilling services in the exploration, development, and production phases of mining projects. It also drills wells for drinking, irrigation, and industrial water; and undertakes a range of projects, including large scale village water drilling programs, specialized drilling projects to access mineral water using sanitary protection methods, and large diameter well fields for residential supply in urban environments, as well as provides inspection, servicing, and rehabilitation services for existing wells.

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