Vertex Resource Group (CVE:VTX) Trading Up 12.5% – Time to Buy?

Vertex Resource Group Ltd. (CVE:VTX)’s stock price was up 12.5% on Tuesday . The stock traded as high as C$0.20 and last traded at C$0.18. 123,610 shares traded hands during trading, an increase of 121% from the average session volume of 55,874 shares. The stock had previously closed at C$0.16.

Vertex Resource Group Price Performance

The stock has a market capitalization of C$20.16 million, a PE ratio of -1.64 and a beta of -1.11. The company has a debt-to-equity ratio of 211.40, a current ratio of 1.09 and a quick ratio of 1.22. The stock’s fifty day moving average is C$0.18 and its 200-day moving average is C$0.19.

Insider Activity

In other news, insider 32 Degrees Capital Advisor Ltd. sold 367,164 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of C$0.16, for a total transaction of C$58,746.24. Following the completion of the transaction, the insider directly owned 8,999,666 shares of the company’s stock, valued at C$1,439,946.56. This represents a 3.92% decrease in their position. Over the last 90 days, insiders have sold 1,343,564 shares of company stock worth $237,698. Corporate insiders own 30.59% of the company’s stock.

About Vertex Resource Group

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.