Vertex Resource Group (CVE:VTX) Shares Down 18.2% – Here’s What Happened

Vertex Resource Group Ltd. (CVE:VTX)’s share price dropped 18.2% during trading on Wednesday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 204,614 shares traded hands during mid-day trading, an increase of 549% from the average daily volume of 31,523 shares. The stock had previously closed at C$0.22.

Vertex Resource Group Stock Performance

The firm has a market cap of C$20.16 million, a price-to-earnings ratio of -1.50 and a beta of -0.06. The company has a debt-to-equity ratio of 211.40, a current ratio of 1.09 and a quick ratio of 1.22. The firm has a fifty day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.23.

About Vertex Resource Group

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.