Bri-Chem (TSE:BRY) Shares Pass Below 200 Day Moving Average – Time to Sell?

Bri-Chem Corp. (TSE:BRYGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.30 and traded as low as C$0.29. Bri-Chem shares last traded at C$0.30, with a volume of 88,504 shares trading hands.

Bri-Chem Trading Down 1.6%

The firm has a market capitalization of C$7.93 million, a P/E ratio of 4.29 and a beta of -1.29. The business’s 50-day moving average is C$0.37 and its 200 day moving average is C$0.30. The company has a debt-to-equity ratio of 67.33, a current ratio of 1.24 and a quick ratio of 0.71.

Bri-Chem Company Profile

(Get Free Report)

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. A majority of its revenue is derived from the distribution of fluids in the United States of America.

Featured Stories

Receive News & Ratings for Bri-Chem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bri-Chem and related companies with MarketBeat.com's FREE daily email newsletter.