Bri-Chem (TSE:BRY) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Bri-Chem Corp. (TSE:BRY) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.30 and traded as high as C$0.30. Bri-Chem shares last traded at C$0.30, with a volume of 4,000 shares trading hands.

Bri-Chem Trading Down 15.5 %

The company has a debt-to-equity ratio of 105.88, a quick ratio of 0.72 and a current ratio of 1.48. The business has a fifty day simple moving average of C$0.35 and a 200 day simple moving average of C$0.30. The stock has a market cap of C$7.93 million, a price-to-earnings ratio of -4.49 and a beta of 1.60.

Insider Activity

In other news, insider Llc Cenatex Holdings acquired 181,000 shares of Bri-Chem stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of C$0.37 per share, with a total value of C$67,295.80. Insiders have purchased 254,000 shares of company stock worth $91,018 over the last three months. 15.59% of the stock is currently owned by corporate 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.