Bri-Chem (TSE:BRY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Bri-Chem Corp. (TSE:BRY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.29 and traded as high as C$0.34. Bri-Chem shares last traded at C$0.34, with a volume of 17,500 shares changing hands.

Bri-Chem Stock Performance

The business’s 50-day simple moving average is C$0.31 and its two-hundred day simple moving average is C$0.29. The company has a quick ratio of 0.72, a current ratio of 1.46 and a debt-to-equity ratio of 117.82. The firm has a market cap of C$8.99 million, a price-to-earnings ratio of -4.25 and a beta of 1.60.

Insider Buying and Selling

In related news, insider Llc Cenatex Holdings purchased 181,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of C$0.37 per share, with a total value of C$67,295.80. In the last 90 days, insiders acquired 224,000 shares of company stock valued at $80,271. 15.59% of the stock is owned by company 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.