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

BioRem Inc. (CVE:BRM)’s stock price was up 1.6% during trading on Friday. The company traded as high as C$3.76 and last traded at C$3.72. Approximately 10,258 shares changed hands during trading, a decline of 56% from the average session volume of 23,436 shares. The stock had previously closed at C$3.66.

BioRem Stock Up 1.6%

The company has a debt-to-equity ratio of 14.17, a quick ratio of 1.08 and a current ratio of 2.04. The stock has a market cap of C$60.29 million, a price-to-earnings ratio of 11.07 and a beta of 0.77. The firm’s 50-day simple moving average is C$3.58 and its two-hundred day simple moving average is C$3.21.

Insider Buying and Selling at BioRem

In related news, Director Derek Webb sold 28,700 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$3.82, for a total value of C$109,634.00. Following the completion of the sale, the director owned 362,370 shares of the company’s stock, valued at C$1,384,253.40. This trade represents a 7.34% decrease in their ownership of the stock. 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.