Bri-Chem (TSE:BRY) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Bri-Chem Corp. (TSE:BRY) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.29 and traded as high as C$0.37. Bri-Chem shares last traded at C$0.36, with a volume of 216,350 shares changing hands.

Bri-Chem Price Performance

The stock has a market capitalization of C$9.25 million, a P/E ratio of -4.38 and a beta of 1.60. The company has a debt-to-equity ratio of 117.82, a quick ratio of 0.72 and a current ratio of 1.46. The firm has a fifty day moving average price of C$0.30 and a two-hundred day moving average price of C$0.29.

Insider Buying and Selling at Bri-Chem

In related news, insider Llc Cenatex Holdings bought 181,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of C$0.37 per share, for a total transaction of C$67,295.80. Over the last ninety days, insiders acquired 207,000 shares of company stock valued at $74,396. 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.