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

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

Analysts Set New Price Targets

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

BioRem Stock Up 0.3 %

The firm has a 50-day moving average price of C$2.97 and a 200 day moving average price of C$2.68. The company has a debt-to-equity ratio of 37.47, a current ratio of 1.91 and a quick ratio of 1.08. The company has a market cap of C$47.06 million, a price-to-earnings ratio of 8.87 and a beta of 0.85.

Insider Buying and Selling

In other news, Director Derek Webb sold 120,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$2.93, for a total value of C$351,600.00. 1.90% of the stock is currently owned by company insiders.

BioRem Company Profile

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.