CHAR Technologies (CVE:YES) Hits New 12-Month Low – Time to Sell?

CHAR Technologies Ltd. (CVE:YES)’s stock price hit a new 52-week low on Thursday . The company traded as low as C$0.17 and last traded at C$0.17, with a volume of 2000 shares. The stock had previously closed at C$0.18.

CHAR Technologies Stock Performance

The company has a debt-to-equity ratio of 175.05, a quick ratio of 0.60 and a current ratio of 0.57. The company has a market cap of C$17.23 million, a P/E ratio of -2.13 and a beta of 1.59. The firm has a 50 day moving average price of C$0.22 and a 200-day moving average price of C$0.29.

Insiders Place Their Bets

In other news, Director James Sbrolla bought 801,139 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of C$0.20 per share, for a total transaction of C$156,222.11. Company insiders own 18.80% of the company’s stock.

CHAR Technologies Company Profile

CHAR Technologies Ltd., a cleantech development and services company, engages in the conversion of organic waste into renewable gases and biocarbon products. It offers SulfaCHAR, an activated charcoal; CleanFyre, a solid biofuel; and high temperature pyrolysis technology, which transform organic waste streams to renewable outputs, as well as converting woody materials.