Vertex Resource Group (CVE:VTX) Shares Down 21.1% – Here’s What Happened

Shares of Vertex Resource Group Ltd. (CVE:VTX) were down 21.1% during mid-day trading on Monday . The company traded as low as C$0.14 and last traded at C$0.15. Approximately 243,000 shares traded hands during trading, an increase of 685% from the average daily volume of 30,967 shares. The stock had previously closed at C$0.19.

Vertex Resource Group Stock Performance

The business has a 50-day moving average price of C$0.22 and a 200-day moving average price of C$0.24. The company has a quick ratio of 1.22, a current ratio of 1.09 and a debt-to-equity ratio of 211.40. The firm has a market capitalization of C$16.80 million, a price-to-earnings ratio of -1.67 and a beta of 0.62.

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.