Bri-Chem (TSE:BRY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Bri-Chem Corp. (TSE:BRYGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.29 and traded as high as C$0.35. Bri-Chem shares last traded at C$0.30, with a volume of 48,500 shares traded.

Bri-Chem Stock Performance

The company’s 50 day simple moving average is C$0.38 and its 200 day simple moving average is C$0.29. The company has a debt-to-equity ratio of 36.24, a quick ratio of 0.71 and a current ratio of 1.24. The stock has a market cap of C$7.93 million, a PE ratio of 4.29 and a beta of -1.41.

Bri-Chem Company Profile

(Get Free Report)

Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other. A majority of its revenue is derived from the distribution of fluids in the United States of America.

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