Bri-Chem (TSE:BRY) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Bri-Chem Corp. (TSE:BRYGet Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.32 and traded as high as C$0.36. Bri-Chem shares last traded at C$0.36, with a volume of 15,015 shares changing hands.

Bri-Chem Stock Performance

The company has a market cap of C$8.46 million, a PE ratio of 4.57 and a beta of -1.28. The stock’s 50 day moving average is C$0.36 and its 200-day moving average is C$0.32. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 67.33.

About Bri-Chem

(Get Free Report)

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.

Further Reading

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