Vertex Resource Group (CVE:VTX) Shares Down 18.2% – Here’s Why

Vertex Resource Group Ltd. (CVE:VTX)’s share price was down 18.2% during mid-day trading on Wednesday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 204,614 shares traded hands during mid-day 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 Trading Down 18.2%

The firm has a market cap of C$20.16 million, a PE ratio of -1.50 and a beta of -0.06. The company has a quick ratio of 1.22, a current ratio of 1.09 and a debt-to-equity ratio of 211.40. The stock’s fifty day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.23.

About Vertex Resource Group

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.