CHAR Technologies (CVE:YES) Reaches New 52-Week Low – Should You Sell?

CHAR Technologies Ltd. (CVE:YES) hit a new 52-week low on Friday . The stock traded as low as C$0.18 and last traded at C$0.18, with a volume of 243946 shares changing hands. The stock had previously closed at C$0.19.

CHAR Technologies Stock Performance

The company has a debt-to-equity ratio of 175.05, a current ratio of 0.57 and a quick ratio of 0.60. The stock has a market capitalization of C$18.25 million, a P/E ratio of -2.38 and a beta of 1.59. The company has a 50 day simple moving average of C$0.22 and a 200-day simple moving average of C$0.29.

Insiders Place Their Bets

In related news, Director James Sbrolla acquired 801,139 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of C$0.20 per share, with a total value of C$156,222.11. Company insiders own 18.80% of the company’s stock.

CHAR Technologies Company Profile

CHAR Technologies Ltd., a cleantech development and services company, engages in the conversion of organic waste into renewable gases and biocarbon products. It offers SulfaCHAR, an activated charcoal; CleanFyre, a solid biofuel; and high temperature pyrolysis technology, which transform organic waste streams to renewable outputs, as well as converting woody materials.