Foraco International (TSE:FAR) Insider Timothy Hugh Bremner Buys 20,600 Shares of Company Stock

Foraco International SA (TSE:FAR) insider Timothy Hugh Bremner purchased 20,600 shares of Foraco International stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average cost of C$2.35 per share, with a total value of C$48,410.00. Following the completion of the transaction, the insider owned 668,075 shares of the company’s stock, valued at C$1,569,976.25. The trade was a 3.18% increase in their ownership of the stock.

Foraco International Stock Performance

TSE FAR traded up C$0.03 during trading hours on Monday, hitting C$2.35. The company had a trading volume of 82,097 shares, compared to its average volume of 182,197. The company has a debt-to-equity ratio of 99.68, a quick ratio of 0.88 and a current ratio of 1.21. Foraco International SA has a 1-year low of C$1.97 and a 1-year high of C$3.54. The company has a market cap of C$229.95 million, a PE ratio of 19.11 and a beta of 1.51. The business has a 50 day moving average of C$2.60 and a 200-day moving average of C$2.78.

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.