BioRem (CVE:BRM) Stock Price Down 1.2% – Here’s Why

BioRem Inc. (CVE:BRM) traded down 1.2% during trading on Friday . The company traded as low as C$3.40 and last traded at C$3.40. Approximately 14,692 shares changed hands during trading, a decline of 40% from the average session volume of 24,302 shares. The stock had previously closed at C$3.44.

BioRem Trading Down 1.2%

The business has a fifty day simple moving average of C$3.49 and a 200 day simple moving average of C$3.12. The company has a market cap of C$55.10 million, a P/E ratio of 10.12 and a beta of 0.74. The company has a debt-to-equity ratio of 14.17, a quick ratio of 1.08 and a current ratio of 2.04.

Insider Activity

In other news, Director Derek Webb sold 28,700 shares of BioRem stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$3.82, for a total value of C$109,634.00. Following the completion of the transaction, the director directly owned 362,370 shares of the company’s stock, valued at approximately C$1,384,253.40. The trade was a 7.34% decrease in their position. Insiders own 1.90% of the company’s stock.

BioRem Company Profile

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. The company also provides multi-stage systems to remove odors from various municipal/urban wastewater treatment processes; biogas desulfurization systems; dry scrubber adsorption systems; and cannabis odor control systems.