BioRem (CVE:BRM) Trading 18.2% Higher – Here’s What Happened

BioRem Inc. (CVE:BRMGet Free Report)’s share price rose 18.2% during trading on Tuesday . The stock traded as high as C$3.58 and last traded at C$3.58. Approximately 148,826 shares traded hands during trading, an increase of 500% from the average daily volume of 24,790 shares. The stock had previously closed at C$3.03.

BioRem Price Performance

The company has a debt-to-equity ratio of 17.32, a current ratio of 2.02 and a quick ratio of 1.08. The business’s fifty day simple moving average is C$3.09 and its 200 day simple moving average is C$2.83. The firm has a market capitalization of C$56.82 million, a price-to-earnings ratio of 13.01 and a beta of 0.77.

BioRem Company Profile

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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.

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