Bri-Chem (TSE:BRY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Bri-Chem Corp. (TSE:BRYGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.27 and traded as high as C$0.27. Bri-Chem shares last traded at C$0.27, with a volume of 3,000 shares.

Bri-Chem Price Performance

The firm has a market cap of C$7.14 million, a price-to-earnings ratio of -3.38 and a beta of -0.96. The business’s 50-day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.27. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 105.88.

About Bri-Chem

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Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other.

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