Bri-Chem (TSE:BRY) Shares Cross Above 200-Day Moving Average of $0.29

Bri-Chem Corp. (TSE:BRY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.29 and traded as high as C$0.31. Bri-Chem shares last traded at C$0.31, with a volume of 2,500 shares trading hands.

Bri-Chem Price Performance

The firm has a market cap of C$8.19 million, a PE ratio of -3.88 and a beta of 1.60. The firm has a fifty day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.29. The company has a debt-to-equity ratio of 117.82, a quick ratio of 0.72 and a current ratio of 1.46.

Bri-Chem (TSE:BRY) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$19.11 million for the quarter. Bri-Chem had a negative return on equity of 8.63% and a negative net margin of 2.02%. Equities analysts predict that Bri-Chem Corp. will post -0.07 EPS for the current fiscal year.

Bri-Chem Company Profile

Bri-Chem Corp., together with its subsidiaries, engages in the wholesale distribution of oilfield chemicals for the oil and gas industry in North America. The company supplies, blends, and packages drilling fluid products in various weights and clays, lost circulation materials, chemicals, and oil mud products.