BioRem (CVE:BRM) Trading Down 1.9% – Here’s Why

BioRem Inc. (CVE:BRM)’s share price traded down 1.9% during trading on Monday . The stock traded as low as C$2.52 and last traded at C$2.55. 5,384 shares were traded during trading, a decline of 70% from the average session volume of 17,811 shares. The stock had previously closed at C$2.60.

BioRem Stock Performance

The company has a market capitalization of C$40.82 million, a PE ratio of 23.39 and a beta of 1.01. The firm has a 50-day moving average of C$2.57 and a two-hundred day moving average of C$2.34. The company has a quick ratio of 1.08, a current ratio of 1.89 and a debt-to-equity ratio of 25.29.

About BioRem

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.