BioRem (CVE:BRM) Reaches New 1-Year High – Still a Buy?

BioRem Inc. (CVE:BRM) shares hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$4.50 and last traded at C$4.50, with a volume of 20,761 shares traded. The stock had previously closed at C$4.50.

BioRem Price Performance

The company has a fifty day simple moving average of C$3.69 and a 200 day simple moving average of C$3.18. The company has a debt-to-equity ratio of 11.30, a quick ratio of 1.08 and a current ratio of 2.37. The stock has a market capitalization of C$76.98 million, a price-to-earnings ratio of 14.14 and a beta of 0.78.

Insider Activity

In related news, Director Derek Webb sold 28,700 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$3.82, for a total value of C$109,634.00. Following the transaction, the director directly owned 362,370 shares of the company’s stock, valued at approximately C$1,384,253.40. The trade was a 7.34% decrease in their position. 1.90% of the stock is currently owned by corporate insiders.

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.