Vertex Resource Group (CVE:VTX) Shares Up 12.5% – What’s Next?

Vertex Resource Group Ltd. (CVE:VTX) shares shot up 12.5% on Tuesday . The company traded as high as C$0.20 and last traded at C$0.18. 123,610 shares changed hands during trading, an increase of 121% from the average daily volume of 55,874 shares. The stock had previously closed at C$0.16.

Vertex Resource Group Stock Performance

The firm has a market capitalization of C$20.16 million, a P/E ratio of -1.64 and a beta of -1.11. The company has a quick ratio of 1.22, a current ratio of 1.09 and a debt-to-equity ratio of 211.40. The business’s 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.19.

Insider Buying and Selling at Vertex Resource Group

In other news, insider 32 Degrees Capital Advisor Ltd. sold 367,164 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of C$0.16, for a total value of C$58,746.24. Following the completion of the transaction, the insider directly owned 8,999,666 shares in the company, valued at C$1,439,946.56. This trade represents a 3.92% decrease in their ownership of the stock. Over the last ninety days, insiders have purchased 16,000 shares of company stock valued at $2,835 and have sold 1,343,564 shares valued at $237,698. Corporate insiders own 30.59% of the company’s stock.

About Vertex Resource Group

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.