Bri-Chem (TSE:BRY) Shares Cross Below 200 Day Moving Average – Here’s Why

Bri-Chem Corp. (TSE:BRYGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.26 and traded as low as C$0.24. Bri-Chem shares last traded at C$0.24, with a volume of 5,000 shares changing hands.

Bri-Chem Price Performance

The company has a market cap of C$6.34 million, a price-to-earnings ratio of -3.43 and a beta of -1.17. The company has a 50-day simple moving average of C$0.24 and a 200-day simple moving average of C$0.26. The company has a debt-to-equity ratio of 105.88, a quick ratio of 0.72 and a current ratio of 1.48.

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.

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