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Penny Stocks Report

Foraco International SA

Jun 05, 2024

FAR:TSX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)

Section1: Company Overview and Fundamental Insights:

1.1 Company Overview:

Foraco International SA (TSX: FAR) is in the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.

Kalkine’s Penny Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

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