BioRem (CVE:BRM) Stock Price Down 0.9% – Here’s Why

Shares of BioRem Inc. (CVE:BRM) were down 0.9% during trading on Monday . The company traded as low as C$2.20 and last traded at C$2.24. Approximately 26,959 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 44,814 shares. The stock had previously closed at C$2.26.

Analysts Set New Price Targets

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

BioRem Price Performance

The stock has a market cap of C$36.73 million, a P/E ratio of 6.92 and a beta of 0.85. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 37.47. The company’s fifty day simple moving average is C$2.62 and its 200-day simple moving average is C$2.75.

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.