Vertex Resource Group (CVE:VTX) Shares Down 8.6% – Here’s What Happened

Shares of Vertex Resource Group Ltd. (CVE:VTX) dropped 8.6% during trading on Wednesday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 730,215 shares traded hands during trading, an increase of 1,215% from the average daily volume of 55,516 shares. The stock had previously closed at C$0.17.

Vertex Resource Group Stock Performance

The stock has a market cap of C$17.92 million, a P/E ratio of -1.45 and a beta of -1.11. The company has a fifty day moving average of C$0.18 and a 200 day moving average of C$0.19. The company has a debt-to-equity ratio of 211.40, a current ratio of 1.09 and a quick ratio of 1.22.

Insider Activity at Vertex Resource Group

In other news, insider 32 Degrees Capital Advisor Ltd. sold 367,164 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of C$0.16, for a total transaction of C$58,746.24. Following the sale, the insider directly owned 8,999,666 shares of the company’s stock, valued at C$1,439,946.56. The trade was a 3.92% decrease in their ownership of the stock. In the last 90 days, insiders have sold 1,343,564 shares of company stock valued at $237,698. 30.59% of the stock is owned by insiders.

Vertex Resource Group Company Profile

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.