Bri-Chem (TSE:BRY) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Bri-Chem Corp. (TSE:BRY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 19,000 shares.

Bri-Chem Price Performance

The firm has a market capitalization of C$6.61 million, a PE ratio of 6.25 and a beta of -1.14. 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 fifty day moving average price of C$0.25 and a two-hundred day moving average price of 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.