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

Bri-Chem Corp. (TSE:BRY) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.25 and traded as low as C$0.24. Bri-Chem shares last traded at C$0.24, with a volume of 8,083 shares traded.

Bri-Chem Stock Performance

The company has a debt-to-equity ratio of 95.18, a current ratio of 1.48 and a quick ratio of 0.72. The business has a 50-day simple moving average of C$0.25 and a 200-day simple moving average of C$0.25. The firm has a market capitalization of C$6.34 million, a PE ratio of -3.43 and a beta of -1.14.

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.