Vertex Resource Group (CVE:VTX) Shares Down 18.2% – What’s Next?

Shares of Vertex Resource Group Ltd. (CVE:VTX) were down 18.2% on Wednesday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 204,614 shares changed hands during trading, an increase of 549% from the average daily volume of 31,523 shares. The stock had previously closed at C$0.22.

Vertex Resource Group Stock Performance

The stock’s 50-day moving average price is C$0.21 and its 200-day moving average price is C$0.23. The company has a current ratio of 1.09, a quick ratio of 1.22 and a debt-to-equity ratio of 211.40. The company has a market capitalization of C$20.16 million, a P/E ratio of -1.50 and a beta of -0.06.

Vertex Resource Group Company Profile

Vertex Resource Group Ltd. provides environmental and industrial services in Canada and the United States. It operates through two segments, Environmental Services and Environmental Consulting. The Environmental Consulting segment offers planning and regulatory approvals, site assessments and monitoring, geotechnical and civil engineering, wildlife management, reclamation, remediation, groundwater monitoring, drilling waste, gas migration, emissions testing and reporting, and well sub-surface engineering services; advisory services, including estimating, project controls, and facility engineering; land and regulatory services; emergency spill response services; abandonment, completion, and drilling engineering; and geographical information services, and mapping and drone services to various industries, including governments, industry, and commercial clients.