Key Points
- Director Daniel Louis Simoncini sold 2 million Foraco International shares at an average price of C$3.02, generating total proceeds of C$6.04 million.
- Following the transaction, Simoncini retained 8,571,225 shares valued at approximately C$25.9 million, representing an 18.92% reduction in his holdings.
- Foraco shares opened at C$2.86, while the company’s stock has traded between C$1.90 and C$3.54 over the past year; it has a market capitalization of about C$279.9 million.
Foraco International SA (TSE:FAR - Get Free Report) Director Daniel Louis Simoncini sold 2,000,000 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of C$3.02, for a total transaction of C$6,040,000.00. Following the sale, the director directly owned 8,571,225 shares in the company, valued at approximately C$25,885,099.50. This represents a 18.92% decrease in their position.
Foraco International Trading Up 0.4%
Shares of FAR opened at C$2.86 on Friday. Foraco International SA has a twelve month low of C$1.90 and a twelve month high of C$3.54. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 100.98. The firm has a market capitalization of C$279.86 million, a P/E ratio of 22.94 and a beta of 1.40. The firm's 50-day moving average is C$2.68 and its two-hundred day moving average is C$2.83.
Foraco International Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
