BioRem (CVE:BRM) Stock Price Down 1.6% – Here’s What Happened

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

BioRem Price Performance

The company’s 50-day moving average is C$3.58 and its two-hundred day moving average is C$3.10. The company has a debt-to-equity ratio of 14.17, a current ratio of 2.04 and a quick ratio of 1.08. The firm has a market cap of C$59.15 million, a P/E ratio of 10.86 and a beta of 0.77.

Insider Buying and Selling at BioRem

In other news, Director Derek Webb sold 28,700 shares of BioRem stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$3.82, for a total value of C$109,634.00. Following the transaction, the director owned 362,370 shares in the company, valued at approximately C$1,384,253.40. This trade represents a 7.34% decrease in their position. Corporate 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.