BioRem (CVE:BRM) Reaches New 52-Week High – Here’s Why

BioRem Inc. (CVE:BRM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$3.45 and last traded at C$3.35, with a volume of 141939 shares trading hands. The stock had previously closed at C$3.22.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded shares of BioRem to a “moderate buy” rating in a research report on Tuesday, December 17th.

BioRem Stock Up 4.0 %

The firm’s 50-day simple moving average is C$2.97 and its two-hundred day simple moving average is C$2.51. The company has a debt-to-equity ratio of 48.97, a current ratio of 1.57 and a quick ratio of 1.08. The company has a market capitalization of C$52.60 million, a price-to-earnings ratio of 15.95 and a beta of 0.85.

Insider Buying and Selling

In other BioRem news, Director Derek Webb sold 120,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$2.93, for a total transaction of C$351,600.00. Insiders own 1.90% of the company’s stock.

About BioRem

BioRem Inc, a clean technology engineering company, designs, manufactures, distributes, and sells air pollution control systems that are used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). It offers biofilters for the removal of odors, H2S, VOCs, and HAPs; and biotrickling filters for applications of high levels of H2S or other water-soluble VOCs.