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

Shares of Bri-Chem Corp. (TSE:BRY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.30 and traded as high as C$0.31. Bri-Chem shares last traded at C$0.31, with a volume of 5,000 shares traded.

Bri-Chem Price Performance

The firm has a market cap of C$8.19 million, a P/E ratio of -4.64 and a beta of 1.60. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 105.88. The business has a 50-day moving average of C$0.35 and a two-hundred day moving average of C$0.30.

Insider Buying and Selling

In other news, insider Llc Cenatex Holdings acquired 181,000 shares of Bri-Chem stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of C$0.37 per share, for a total transaction of C$67,295.80. Insiders have bought 330,040 shares of company stock worth $116,668 in the last 90 days. Insiders own 15.59% of the company’s stock.

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.