Insider Selling: Foraco International (TSE:FAR) Director Sells 2,000,000 Shares

Foraco International SA (TSE:FAR) Director Daniel Louis Simoncini sold 2,000,000 shares of the 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 transaction, 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 Price Performance

TSE FAR remained flat at C$2.85 during trading hours on Friday. 120,393 shares of the company were exchanged, compared to its average volume of 204,349. The company has a market cap of C$279.16 million, a PE ratio of 22.85 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 100.98. Foraco International SA has a 1-year low of C$1.90 and a 1-year high of C$3.54. The firm has a 50-day simple moving average of C$2.67 and a 200 day simple moving average of C$2.83.

Foraco International Company Profile

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.