Vertex Resource Group (CVE:VTX) Trading Down 8.6% – Here’s What Happened

Vertex Resource Group Ltd. (CVE:VTX) was down 8.6% during trading on Wednesday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 730,215 shares were traded during trading, an increase of 1,215% from the average session volume of 55,516 shares. The stock had previously closed at C$0.17.

Vertex Resource Group Price Performance

The stock has a market capitalization of C$17.92 million, a PE ratio of -1.45 and a beta of -1.11. The company has a debt-to-equity ratio of 211.40, a current ratio of 1.09 and a quick ratio of 1.22. The firm’s 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.19.

Insider Buying and Selling

In related news, insider 32 Degrees Capital Advisor Ltd. sold 260,032 shares of Vertex Resource Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of C$0.18, for a total value of C$46,805.76. Following the transaction, the insider owned 9,532,952 shares in the company, valued at C$1,715,931.36. This trade represents a 2.66% decrease in their position. In the last 90 days, insiders have sold 802,064 shares of company stock valued at $151,058. 30.59% of the stock is owned by company insiders.

Vertex Resource Group Company Profile

Vertex Resource Group Ltd. provides environmental and industrial services in Canada and the United States. It operates through two segments, Environmental Services and Environmental Consulting. The Environmental Consulting segment offers planning and regulatory approvals, site assessments and monitoring, geotechnical and civil engineering, wildlife management, reclamation, remediation, groundwater monitoring, drilling waste, gas migration, emissions testing and reporting, and well sub-surface engineering services; advisory services, including estimating, project controls, and facility engineering; land and regulatory services; emergency spill response services; abandonment, completion, and drilling engineering; and geographical information services, and mapping and drone services to various industries, including governments, industry, and commercial clients.