Bri-Chem (TSE:BRY) Shares Pass Below Two Hundred Day Moving Average – What’s Next?
by Scott Moore · The Cerbat GemBri-Chem Corp. (TSE:BRY – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.26 and traded as low as C$0.21. Bri-Chem shares last traded at C$0.22, with a volume of 35,000 shares changing hands.
Bri-Chem Stock Up 7.5%
The business has a 50-day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.26. The company has a market capitalization of C$5.68 million, a price-to-earnings ratio of -3.07 and a beta of -1.17. The company has a debt-to-equity ratio of 105.88, a quick ratio of 0.72 and a current ratio of 1.48.
About Bri-Chem
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. A majority of its revenue is derived from the distribution of fluids in the United States of America.