BioRem (CVE:BRM) Trading Down 3.5% – Here’s Why

BioRem Inc. (CVE:BRM) was down 3.5% during mid-day trading on Monday . The company traded as low as C$2.75 and last traded at C$2.77. Approximately 13,517 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 54,530 shares. The stock had previously closed at C$2.87.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded shares of BioRem to a “moderate buy” rating in a report on Tuesday, December 17th.

BioRem Stock Down 3.5 %

The company has a quick ratio of 1.08, a current ratio of 1.91 and a debt-to-equity ratio of 37.47. The company has a market capitalization of C$45.42 million, a price-to-earnings ratio of 8.56 and a beta of 0.85. The stock’s fifty day moving average price is C$2.97 and its 200-day moving average price is C$2.68.

Insider Activity

In related news, Director Derek Webb sold 120,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$2.93, for a total transaction of C$351,600.00. 1.90% of the stock is owned by corporate insiders.

About BioRem

BioRem Inc, a clean technology engineering company, designs, manufactures, distributes, and sells air pollution control systems that are used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). It offers biofilters for the removal of odors, H2S, VOCs, and HAPs; and biotrickling filters for applications of high levels of H2S or other water-soluble VOCs.