Vertex Resource Group (CVE:VTX) Trading 15.6% Higher – Still a Buy?

Vertex Resource Group Ltd. (CVE:VTX)’s share price shot up 15.6% during mid-day trading on Thursday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 1,997,203 shares traded hands during trading, an increase of 2,544% from the average daily volume of 75,528 shares. The stock had previously closed at C$0.16.

Vertex Resource Group Stock Performance

The company has a debt-to-equity ratio of 211.40, a quick ratio of 1.22 and a current ratio of 1.09. The firm has a market cap of C$21.29 million, a P/E ratio of -1.73 and a beta of -1.11. The firm’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.18.

Insider Buying and Selling

In related news, insider 32 Degrees Capital Advisor Ltd. sold 367,164 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of C$0.16, for a total value of C$58,746.24. Following the completion of the transaction, the insider owned 8,999,666 shares of the company’s stock, valued at C$1,439,946.56. The trade was a 3.92% decrease in their ownership of the stock. Over the last ninety days, insiders have purchased 16,000 shares of company stock valued at $2,835 and have sold 1,134,064 shares valued at $195,798. 30.59% of the stock is owned by company insiders.

Vertex Resource Group Company Profile

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.