CHAR Technologies (CVE:YES) Stock Price Down 12.1% – Here’s Why

CHAR Technologies Ltd. (CVE:YES) shares traded down 12.1% on Monday . The stock traded as low as C$0.29 and last traded at C$0.29. 130,500 shares changed hands during trading, an increase of 8% from the average session volume of 120,517 shares. The stock had previously closed at C$0.33.

CHAR Technologies Price Performance

The stock has a market cap of C$38.04 million, a PE ratio of -4.61 and a beta of -0.57. The business’s 50-day simple moving average is C$0.26 and its 200-day simple moving average is C$0.24. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 1,068.91.

CHAR Technologies Company Profile

CHAR Technologies Ltd., a cleantech development and services company, engages in the conversion of organic waste into renewable gases and biocarbon products. It offers SulfaCHAR, an activated charcoal; CleanFyre, a solid biofuel; and high temperature pyrolysis technology, which transform organic waste streams to renewable outputs, as well as converting woody materials. The company also provides custom equipment for industrial water treatment; and services in environmental compliance, environmental management, site investigation and remediation; and engineering and resource efficiency services.