BioRem (CVE:BRM) Stock Falls 1.6% – Here’s Why

BioRem Inc. (CVE:BRM) shares were down 1.6% on Friday. The company traded as low as C$3.60 and last traded at C$3.65. Approximately 8,874 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 22,790 shares. The stock had previously closed at C$3.71.

BioRem Trading Down 1.6%

The stock has a market cap of C$59.15 million, a price-to-earnings ratio of 10.86 and a beta of 0.77. The business has a 50-day simple moving average of C$3.58 and a two-hundred day simple moving average of C$3.10. The company has a debt-to-equity ratio of 14.17, a quick ratio of 1.08 and a current ratio of 2.04.

Insider Activity

In other news, Director Derek Webb sold 28,700 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$3.82, for a total transaction of C$109,634.00. Following the sale, the director owned 362,370 shares in the company, valued at C$1,384,253.40. This represents a 7.34% decrease in their position. 1.90% of the stock is currently owned by corporate insiders.

BioRem Company Profile

BioRem Inc, a clean technology engineering company, designs, manufactures, distributes, and sells air pollution control systems that are used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). It offers biofilters for the removal of odors, H2S, VOCs, and HAPs; and biotrickling filters for applications of high levels of H2S or other water-soluble VOCs. The company also provides multi-stage systems to remove odors from various municipal/urban wastewater treatment processes; biogas desulfurization systems; dry scrubber adsorption systems; and cannabis odor control systems.