Bri-Chem (TSE:BRY) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Bri-Chem Corp. (TSE:BRY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.30 and traded as high as C$0.34. Bri-Chem shares last traded at C$0.34, with a volume of 12,750 shares traded.

Bri-Chem Stock Performance

The company has a debt-to-equity ratio of 105.88, a current ratio of 1.48 and a quick ratio of 0.72. The stock’s 50-day moving average price is C$0.35 and its 200-day moving average price is C$0.30. The company has a market cap of C$8.99 million, a P/E ratio of -5.09 and a beta of 1.60.

Insiders Place Their Bets

In related news, insider Llc Cenatex Holdings acquired 181,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of C$0.37 per share, for a total transaction of C$67,295.80. Insiders acquired 270,000 shares of company stock worth $96,209 in the last quarter. 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.