Bri-Chem (TSE:BRY) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Bri-Chem Corp. (TSE:BRYGet Free Report)’s stock price crossed 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 Up 3.1%

The stock has a market capitalization of C$8.72 million, a PE ratio of 4.71 and a beta of -1.41. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 36.24. The firm has a 50 day moving average of C$0.38 and a two-hundred day moving average of C$0.29.

About Bri-Chem

(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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