BioRem (CVE:BRM) Sets New 1-Year High – Here’s What Happened

BioRem Inc. (CVE:BRM) shares hit a new 52-week high on Monday . The stock traded as high as C$3.45 and last traded at C$3.35, with a volume of 141939 shares changing hands. The stock had previously closed at C$3.22.

Analyst Upgrades and Downgrades

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

BioRem Stock Performance

The company’s fifty day simple moving average is C$3.01 and its 200 day simple moving average is C$2.53. The stock has a market capitalization of C$48.20 million, a P/E ratio of 14.62 and a beta of 0.85. The company has a current ratio of 1.57, a quick ratio of 1.08 and a debt-to-equity ratio of 48.97.

Insider Buying and Selling

In related news, Director Derek Webb sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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.