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Equities researchers at Paradigm Capital reduced their price target on shares of Bri-Chem (TSE:BRY) from C$3.00 to C$2.75 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Paradigm Capital’s price target points to a potential upside of 61.76% from the company’s current price.

Shares of Bri-Chem (TSE:BRY) remained flat at $1.70 during during mid-day trading trading on Monday. 79,480 shares of the company’s stock traded hands. Bri-Chem has a 52-week low of $1.40 and a 52-week high of $1.98. The stock has a 50-day moving average of $1.74 and a 200-day moving average of $1.65. The company’s market cap is $40.8 million.

Bri-Chem Corp. is a North American distributor, blender, and manufacturer of drilling fluids and steel pipe for the oil and gas industry in North America.

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