BioRem (CVE:BRM) Stock Price Down 3.1% – Here’s Why

Shares of BioRem Inc. (CVE:BRM) were down 3.1% on Monday . The stock traded as low as C$2.44 and last traded at C$2.50. Approximately 53,718 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 50,470 shares. The stock had previously closed at C$2.58.

Wall Street Analyst Weigh In

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

BioRem Price Performance

The stock’s fifty day simple moving average is C$2.82 and its 200 day simple moving average is C$2.73. The firm has a market capitalization of C$40.99 million, a P/E ratio of 7.72 and a beta of 0.85. The company has a debt-to-equity ratio of 37.47, a current ratio of 1.91 and a quick ratio of 1.08.

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.