BioRem (CVE:BRM) Trading Down 3.5% – Here’s What Happened

Shares of BioRem Inc. (CVE:BRM) dropped 3.5% during trading on Monday . The company traded as low as C$2.75 and last traded at C$2.77. Approximately 13,517 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 54,530 shares. The stock had previously closed at C$2.87.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded BioRem to a “moderate buy” rating in a research report on Tuesday, December 17th.

BioRem Price Performance

The company has a debt-to-equity ratio of 37.47, a quick ratio of 1.08 and a current ratio of 1.91. The firm has a market cap of C$47.06 million, a P/E ratio of 8.87 and a beta of 0.85. The company has a 50-day moving average of C$2.97 and a 200 day moving average of C$2.68.

Insider Activity

In related news, Director Derek Webb sold 120,000 shares of BioRem stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$2.93, for a total transaction of C$351,600.00. Insiders own 1.90% of the company’s stock.

About BioRem

BioRem Inc, a clean technology engineering company, designs, manufactures, distributes, and sells air pollution control systems that are used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). It offers biofilters for the removal of odors, H2S, VOCs, and HAPs; and biotrickling filters for applications of high levels of H2S or other water-soluble VOCs.