Bri-Chem (TSE:BRY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Bri-Chem Corp. (TSE:BRY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.30 and traded as high as C$0.35. Bri-Chem shares last traded at C$0.35, with a volume of 4,500 shares trading hands.

Bri-Chem Price Performance

The firm has a market capitalization of C$9.25 million, a PE ratio of -4.38 and a beta of 1.60. The stock’s 50 day simple moving average is C$0.34 and its two-hundred day simple moving average is C$0.30. The company has a debt-to-equity ratio of 117.82, a quick ratio of 0.72 and a current ratio of 1.46.

Insider Buying and Selling

In other news, insider Llc Cenatex Holdings acquired 181,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of C$0.37 per share, with a total value of C$67,295.80. Over the last 90 days, insiders have purchased 245,500 shares of company stock worth $87,991. 15.59% of the stock is owned by corporate insiders.

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.