Vertex Resource Group (CVE:VTX) Shares Down 18.2% – Should You Sell?

Vertex Resource Group Ltd. (CVE:VTX)’s share price dropped 18.2% during trading on Tuesday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 204,614 shares were traded during trading, an increase of 549% from the average daily volume of 31,523 shares. The stock had previously closed at C$0.22.

Vertex Resource Group Stock Down 18.2%

The company has a market cap of C$20.16 million, a price-to-earnings ratio of -1.50 and a beta of -0.06. The business has a 50-day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.23. The company has a quick ratio of 1.22, a current ratio of 1.09 and a debt-to-equity ratio of 211.40.

Vertex Resource Group Company Profile

Vertex Resource Group Ltd. provides environmental and industrial services in Canada and the United States. It operates through two segments, Environmental Services and Environmental Consulting. The Environmental Consulting segment offers planning and regulatory approvals, site assessments and monitoring, geotechnical and civil engineering, wildlife management, reclamation, remediation, groundwater monitoring, drilling waste, gas migration, emissions testing and reporting, and well sub-surface engineering services; advisory services, including estimating, project controls, and facility engineering; land and regulatory services; emergency spill response services; abandonment, completion, and drilling engineering; and geographical information services, and mapping and drone services to various industries, including governments, industry, and commercial clients.