Bri-Chem (TSE:BRY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Bri-Chem Corp. (TSE:BRY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.29 and traded as high as C$0.34. Bri-Chem shares last traded at C$0.34, with a volume of 17,500 shares traded.

Bri-Chem Stock Performance

The firm has a 50 day simple moving average of C$0.31 and a 200-day simple moving average of C$0.29. The company has a market cap of C$8.99 million, a price-to-earnings ratio of -4.25 and a beta of 1.60. The company has a debt-to-equity ratio of 117.82, a current ratio of 1.46 and a quick ratio of 0.72.

Insider Buying and Selling

In other news, insider Llc Cenatex Holdings bought 181,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of C$0.37 per share, with a total value of C$67,295.80. In the last ninety days, insiders acquired 224,000 shares of company stock valued at $80,271. 15.59% of the stock is currently owned by insiders.

Bri-Chem Company Profile

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.