BioRem (CVE:BRM) Shares Climb 1.6% – What’s Next?

BioRem Inc. (CVE:BRM) shot up 1.6% during mid-day trading on Friday. The stock traded as high as C$3.76 and last traded at C$3.72. 10,258 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 23,436 shares. The stock had previously closed at C$3.66.

BioRem Stock Performance

The company has a current ratio of 2.04, a quick ratio of 1.08 and a debt-to-equity ratio of 14.17. The company has a market cap of C$60.29 million, a price-to-earnings ratio of 11.07 and a beta of 0.77. The stock has a 50 day moving average price of C$3.58 and a two-hundred day moving average price of C$3.21.

Insider Transactions at BioRem

In other news, Director Derek Webb sold 28,700 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$3.82, for a total transaction of C$109,634.00. Following the completion of the transaction, the director directly owned 362,370 shares in the company, valued at approximately C$1,384,253.40. The trade was a 7.34% decrease in their position. Company insiders own 1.90% of the company’s stock.

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.