Foraco International SA (TSE:FAR) Director Buys C$10,350.00 in Stock

Foraco International SA (TSE:FAR) Director William Warren Holmes purchased 5,000 shares of the stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of C$2.07 per share, with a total value of C$10,350.00.

William Warren Holmes also recently made the following trade(s):

• On Monday, March 17th, William Warren Holmes acquired 5,000 shares of Foraco International stock. The shares were purchased at an average price of C$1.96 per share, with a total value of C$9,800.00.
• On Monday, March 3rd, William Warren Holmes bought 5,000 shares of Foraco International stock. The stock was purchased at an average price of C$2.02 per share, for a total transaction of C$10,090.00.

Foraco International Trading Up 1.4 %

Foraco International stock opened at C$2.10 on Wednesday. Foraco International SA has a one year low of C$1.83 and a one year high of C$3.27. The business’s fifty day moving average is C$2.13 and its 200 day moving average is C$2.20. The stock has a market capitalization of C$147.36 million, a PE ratio of 5.46 and a beta of 1.25. The company has a debt-to-equity ratio of 115.59, a current ratio of 1.43 and a quick ratio of 0.88.

Wall Street Analyst Weigh In

Separately, Desjardins set a C$4.25 price objective on shares of Foraco International and gave the stock a “buy” rating in a 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.