Bri-Chem (TSE:BRY) Share Price Passes Above 200-Day Moving Average – Here’s Why

Bri-Chem Corp. (TSE:BRY) shares passed above its 200-day moving average during trading on Monday . 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$0.32, with a volume of 8,427 shares traded.

Bri-Chem Stock Performance

The company has a debt-to-equity ratio of 117.82, a quick ratio of 0.72 and a current ratio of 1.46. The business has a 50-day moving average price of C$0.33 and a 200 day moving average price of C$0.29. The stock has a market capitalization of C$8.46 million, a P/E ratio of -4.00 and a beta of 1.60.

Insider Transactions at Bri-Chem

In related news, insider Llc Cenatex Holdings bought 181,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of C$0.37 per share, for a total transaction of C$67,295.80. Insiders have purchased a total of 231,000 shares of company stock valued at $82,791 in the last ninety days. 15.59% of the stock is currently owned by corporate insiders.

About Bri-Chem

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.