Foraco International (TSE:FAR) Insider Acquires 20,600 Shares of Stock

Key Points

  • Insider Timothy Hugh Bremner purchased 20,600 Foraco International shares at C$2.35 each, for C$48,410 total, increasing his stake by 3.18% to 668,075 shares.
  • Foraco shares opened at C$2.36 and were reported up 1.7%; the company had a market capitalization of C$230.93 million and a 12-month trading range of C$1.97–C$3.54.
  • Foraco provides mineral drilling services for mining and water projects, operating in 16 countries across five continents.

Foraco International SA (TSE:FAR - Get Free Report) insider Timothy Hugh Bremner bought 20,600 shares of the firm's stock in a transaction dated Friday, November 6th. The shares were acquired at an average price of C$2.35 per share, for a total transaction of C$48,410.00. Following the completion of the transaction, the insider directly owned 668,075 shares in the company, valued at approximately C$1,569,976.25. This represents a 3.18% increase in their position.

Foraco International Stock Up 1.7%

Shares of TSE:FAR opened at C$2.36 on Tuesday. The company has a market cap of C$230.93 million, a price-to-earnings ratio of 19.19 and a beta of 1.51. Foraco International SA has a 12 month low of C$1.97 and a 12 month high of C$3.54. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 99.68. The company has a 50-day moving average price of C$2.59 and a 200 day moving average price of C$2.78.

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.

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