Bri-Chem (TSE:BRY) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Bri-Chem Corp. (TSE:BRY) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.25 and traded as high as C$0.25. Bri-Chem shares last traded at C$0.25, with a volume of 22,000 shares changing hands.

Bri-Chem Stock Performance

The stock has a market capitalization of C$6.61 million, a P/E ratio of -3.57 and a beta of -1.14. The company has a 50 day simple moving average of C$0.25 and a 200-day simple moving average of C$0.25. The company has a debt-to-equity ratio of 95.18, a current ratio of 1.48 and a quick ratio of 0.72.

About Bri-Chem

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.