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Bullboard - Stock Discussion Forum Foraco International SA T.FAR

Alternate Symbol(s):  FRACF

Foraco International S.A. is a France-based company engaged in the mining, geological and hydraulic drilling sectors. The Company's principle business consists of drilling contracts for companies primarily involved in mining and water exploration. The Company operates in two business segments: Mining and Water. The Mining segment covers drilling services offered to the mining and energy... see more

TSX:FAR - Post Discussion

Foraco International SA > High volume and stock
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Post by sicnarf2 on Jan 17, 2024 7:59am

High volume and stock

Going up is good ,going down not so good !jmo
Comment by savyinvestor333 on Jan 17, 2024 8:13am
True but to put it in perspective. We first hit $2.25 on Friday. Then had a good runup. Pretty hard for any portfolio manager to justify paying a peak price on a huge trade like that. I think it works out to around a 7% of the float and 5% of the shares outstanding. I think we will be back up today. Still trading in the P.E. range of 5 GLTA