Insider Buying: Foraco International (TSE:FAR) Insider Purchases C$48,410.00 in Stock

Foraco International SA (TSE:FAR – Get Free Report) insider Timothy Hugh Bremner acquired 20,600 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of C$2.35 per share, for a total transaction of C$48,410.00. Following the completion of the purchase, the insider directly owned 668,075 shares in the company, valued at C$1,569,976.25. This trade represents a 3.18% increase in their position.

Foraco International Price Performance

TSE FAR opened at C$2.26 on Thursday. The company has a market cap of C$221.15 million, a PE ratio of 18.37 and a beta of 1.51. Foraco International SA has a 52 week low of C$2.00 and a 52 week high of C$3.54. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 99.68. The firm’s 50-day simple moving average is C$2.57 and its two-hundred day simple moving average is C$2.78.

About Foraco International

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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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