Vertex Resource Group (CVE:VTX) Stock Price Down 8.6% – Should You Sell?

Vertex Resource Group Ltd. (CVE:VTX)’s share price was down 8.6% during mid-day trading on Wednesday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 730,215 shares changed hands during trading, an increase of 1,215% from the average session volume of 55,516 shares. The stock had previously closed at C$0.17.

Vertex Resource Group Trading Down 8.6%

The stock’s 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.19. The firm has a market cap of C$17.92 million, a PE ratio of -1.45 and a beta of -1.11. The company has a debt-to-equity ratio of 211.40, a quick ratio of 1.22 and a current ratio of 1.09.

Insider Buying and Selling

In other Vertex Resource Group news, insider 32 Degrees Capital Advisor Ltd. sold 260,032 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of C$0.18, for a total transaction of C$46,805.76. Following the sale, the insider owned 9,532,952 shares in the company, valued at C$1,715,931.36. This trade represents a 2.66% decrease in their ownership of the stock. Insiders sold a total of 802,064 shares of company stock valued at $151,058 over the last quarter. 30.59% of the stock is owned by corporate insiders.

Vertex Resource Group Company Profile

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.