BioRem (CVE:BRM) Stock Price Down 1.6% – Time to Sell?

BioRem Inc. (CVE:BRM)’s share price dropped 1.6% during trading on Friday. The stock traded as low as C$3.60 and last traded at C$3.65. Approximately 8,874 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 22,790 shares. The stock had previously closed at C$3.71.

BioRem Stock Down 1.6%

The stock has a 50 day moving average price of C$3.58 and a 200 day moving average price of C$3.10. The stock has a market capitalization of C$59.15 million, a price-to-earnings ratio of 10.86 and a beta of 0.77. The company has a quick ratio of 1.08, a current ratio of 2.04 and a debt-to-equity ratio of 14.17.

Insider Activity

In related news, Director Derek Webb sold 28,700 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$3.82, for a total value of C$109,634.00. Following the completion of the transaction, the director owned 362,370 shares in the company, valued at C$1,384,253.40. This trade represents a 7.34% decrease in their position. 1.90% of the stock is owned by corporate insiders.

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. The company also provides multi-stage systems to remove odors from various municipal/urban wastewater treatment processes; biogas desulfurization systems; dry scrubber adsorption systems; and cannabis odor control systems.