Bri-Chem (TSE:BRY) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Bri-Chem Corp. (TSE:BRYGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.29 and traded as high as C$0.37. Bri-Chem shares last traded at C$0.36, with a volume of 216,350 shares.

Bri-Chem Price Performance

The company has a current ratio of 1.46, a quick ratio of 0.72 and a debt-to-equity ratio of 117.82. The stock has a 50 day simple moving average of C$0.30 and a 200-day simple moving average of C$0.29. The firm has a market cap of C$9.25 million, a PE ratio of -4.38 and a beta of 1.60.

Insider Activity at Bri-Chem

In other news, insider Llc Cenatex Holdings acquired 181,000 shares of Bri-Chem stock in a transaction on Wednesday, January 15th. The shares were acquired at an average price of C$0.37 per share, with a total value of C$67,295.80. Over the last ninety days, insiders purchased 207,000 shares of company stock valued at $74,396. Corporate insiders own 15.59% of the company’s stock.

Bri-Chem Company Profile

(Get Free Report)

Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other.

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