Foraco International (TSE:FAR) Director Daniel Louis Simoncini Sells 2,000,000 Shares

Foraco International SA (TSE:FAR) Director Daniel Louis Simoncini sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of C$3.02, for a total transaction of C$6,040,000.00. Following the completion of the sale, the director owned 8,571,225 shares of the company’s stock, valued at approximately C$25,885,099.50. The trade was a 18.92% decrease in their position.

Foraco International Stock Performance

TSE FAR opened at C$2.86 on Friday. 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 business’s 50 day moving average is C$2.68 and its two-hundred day moving average is C$2.83. Foraco International SA has a 12-month low of C$1.90 and a 12-month high of C$3.54. The stock has a market capitalization of C$279.86 million, a price-to-earnings ratio of 22.94 and a beta of 1.40.

About Foraco International

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.