Bri-Chem (TSE:BRY) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Bri-Chem Corp. (TSE:BRY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.26 and traded as high as C$0.28. Bri-Chem shares last traded at C$0.28, with a volume of 9,500 shares.

Bri-Chem Stock Up 3.7%

The company has a debt-to-equity ratio of 105.88, a quick ratio of 0.72 and a current ratio of 1.48. The firm has a 50 day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.26. The stock has a market cap of C$7.40 million, a P/E ratio of -4.00 and a beta of -1.15.

Bri-Chem Company Profile

Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other. A majority of its revenue is derived from the distribution of fluids in the United States of America.