Vertex Resource Group (CVE:VTX) Shares Down 20.5% – What’s Next?

Vertex Resource Group Ltd. (CVE:VTX) shares dropped 20.5% during mid-day trading on Tuesday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 94,614 shares traded hands during trading, an increase of 210% from the average daily volume of 30,506 shares. The stock had previously closed at C$0.22.

Vertex Resource Group Price Performance

The firm has a market capitalization of C$20.16 million, a PE ratio of -1.50 and a beta of -0.06. The company has a debt-to-equity ratio of 211.40, a current ratio of 1.09 and a quick ratio of 1.22. The company has a 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.23.

About Vertex Resource Group

Vertex Resource Group Ltd. provides environmental and industrial services in Canada and the United States. It operates through two segments, Environmental Services and Environmental Consulting. The Environmental Consulting segment offers planning and regulatory approvals, site assessments and monitoring, geotechnical and civil engineering, wildlife management, reclamation, remediation, groundwater monitoring, drilling waste, gas migration, emissions testing and reporting, and well sub-surface engineering services; advisory services, including estimating, project controls, and facility engineering; land and regulatory services; emergency spill response services; abandonment, completion, and drilling engineering; and geographical information services, and mapping and drone services to various industries, including governments, industry, and commercial clients.