CHAR Technologies (CVE:YES) Shares Down 14.8% – Time to Sell?

CHAR Technologies Ltd. (CVE:YES – Get Free Report)’s share price was down 14.8% on Friday . The company traded as low as C$0.25 and last traded at C$0.26. Approximately 235,375 shares traded hands during mid-day trading, an increase of 220% from the average daily volume of 73,519 shares. The stock had previously closed at C$0.31.

CHAR Technologies Stock Down 13.1%

The firm’s 50 day simple moving average is C$0.22 and its 200-day simple moving average is C$0.23. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 1,068.91. The stock has a market capitalization of C$34.17 million, a price-to-earnings ratio of -4.14 and a beta of -0.83.

CHAR Technologies Company Profile

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CHAR Technologies Ltd., a cleantech development and services company, engages in the conversion of organic waste into renewable gases and biocarbon products. It offers SulfaCHAR, an activated charcoal; CleanFyre, a solid biofuel; and high temperature pyrolysis technology, which transform organic waste streams to renewable outputs, as well as converting woody materials.

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