Insider Buying: Foraco International SA (TSE:FAR) Director Acquires 5,000 Shares of Stock

Foraco International SA (TSE:FAR) Director William Warren Holmes bought 5,000 shares of the company’s stock in a transaction on Friday, March 21st. The stock was bought at an average price 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 purchased 5,000 shares of Foraco International stock. The shares were acquired at an average cost of C$1.96 per share, for a total transaction of C$9,800.00.
• On Monday, March 3rd, William Warren Holmes bought 5,000 shares of Foraco International stock. The stock was bought at an average price of C$2.02 per share, with a total value of C$10,090.00.

Foraco International Price Performance

FAR stock traded down C$0.02 during trading on Monday, hitting C$2.07. The stock had a trading volume of 7,150 shares, compared to its average volume of 86,071. Foraco International SA has a 1-year low of C$1.83 and a 1-year high of C$3.27. The company’s 50 day moving average price is C$2.14 and its two-hundred day moving average price is C$2.21. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.88 and a current ratio of 1.43. The stock has a market cap of C$145.26 million, a price-to-earnings ratio of 5.38 and a beta of 1.25.

Analyst Ratings Changes

Separately, Desjardins set a C$4.25 price objective on shares of Foraco International and gave the company a “buy” rating in a research report on Tuesday, December 3rd.

About Foraco International

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.