Bri-Chem (TSE:BRY) Shares Cross Below 200 Day Moving Average of $0.60

Bri-Chem Corp. (TSE:BRY – Get Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.60 and traded as low as C$0.43. Bri-Chem shares last traded at C$0.43, with a volume of 600 shares trading hands.

Bri-Chem Stock Performance

The firm has a fifty day moving average price of C$0.53 and a 200 day moving average price of C$0.60. The firm has a market capitalization of C$11.36 million, a PE ratio of 1.34 and a beta of 1.99. The company has a debt-to-equity ratio of 176.71, a current ratio of 1.32 and a quick ratio of 0.72.

Bri-Chem (TSE:BRY – Get Rating) last issued its earnings results on Wednesday, March 29th. The company reported C$0.01 earnings per share for the quarter. Bri-Chem had a return on equity of 50.66% and a net margin of 8.27%. The company had revenue of C$26.52 million for the quarter. Research analysts anticipate that Bri-Chem Corp. will post -0.07 earnings per share for the current fiscal year.

About Bri-Chem

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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.