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

Bri-Chem Corp. (TSE:BRY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.25 and traded as high as C$0.36. Bri-Chem shares last traded at C$0.36, with a volume of 8,510 shares.

Bri-Chem Stock Performance

The company has a current ratio of 1.22, a quick ratio of 0.72 and a debt-to-equity ratio of 74.44. The company has a market capitalization of C$9.52 million, a price-to-earnings ratio of 9.00 and a beta of -1.02. The stock’s fifty day simple moving average is C$0.27 and its 200-day simple moving average is C$0.25.

Bri-Chem Company Profile

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.