Foraco International SA T.FAR

Alternate Symbol(s): FRACF

Metals & Mining Industrial Metals & Minerals

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 industry during the exploration, development and production phases of mining projects. The Water segment covers all activities linked to the construction of water wells leading to the supply of drinking water, the collection of mineral water, as well as the control, maintenance and renovation of the existing installations. The Water segment also includes drilling services offered to the environmental and construction industry, such as geological exploration and geotechnical drilling.

TSX:FAR - Post by User

Foraco International SA > New Press Release - Foraco International reports record quarter and full year 2023 results and proposes dividend distribution

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Comment by savyinvestor333on Feb 23, 2024 10:30am

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Post# 35895501

RE:RE:New Press Release - Foraco International reports record quarter and full year 2023 results and proposes dividend distribution

drewmumaw wrote: Why has the share price been dropping after reporting record results?

It is perfectly normal for a stock that has hade a huge move to take a 10-15% breather. Sellers drying up at this price. I believe we will head back up shortly.

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