Vertex Resource Group (CVE:VTX) Stock Price Up 15.6% – Here’s What Happened

Vertex Resource Group Ltd. (CVE:VTX) shot up 15.6% during mid-day trading on Thursday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 1,997,203 shares changed hands during mid-day trading, an increase of 2,544% from the average session volume of 75,528 shares. The stock had previously closed at C$0.16.

Vertex Resource Group Trading Up 15.6%

The stock has a 50-day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.18. The company has a debt-to-equity ratio of 211.40, a quick ratio of 1.22 and a current ratio of 1.09. The firm has a market cap of C$20.72 million, a PE ratio of -1.68 and a beta of -1.11.

Insider Activity

In other news, insider 32 Degrees Capital Advisor Ltd. sold 367,164 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of C$0.16, for a total value of C$58,746.24. Following the transaction, the insider owned 8,999,666 shares in the company, valued at C$1,439,946.56. This represents a 3.92% decrease in their position. In the last ninety days, insiders bought 16,000 shares of company stock worth $2,835 and sold 1,343,564 shares worth $237,698. 30.59% of the stock is currently owned by corporate insiders.

About Vertex Resource Group

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.