Vertex Resource Group (CVE:VTX) Trading 15.6% Higher – Still a Buy?

Shares of Vertex Resource Group Ltd. (CVE:VTX) were up 15.6% during mid-day trading on Thursday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 1,997,203 shares changed hands during mid-day trading, an increase of 2,544% from the average daily volume of 75,528 shares. The stock had previously closed at C$0.16.

Vertex Resource Group Stock Performance

The business has a 50 day moving average price of C$0.17 and a two-hundred day moving average price of C$0.18. 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 has a market cap of C$20.72 million, a P/E ratio of -1.68 and a beta of -1.11.

Insider Buying and Selling at Vertex Resource Group

In related news, insider 32 Degrees Capital Advisor Ltd. sold 367,164 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of C$0.16, for a total value of C$58,746.24. Following the sale, the insider directly owned 8,999,666 shares in the company, valued at approximately C$1,439,946.56. The trade was a 3.92% decrease in their ownership of the stock. In the last ninety days, insiders bought 16,000 shares of company stock worth $2,835 and sold 1,343,564 shares worth $237,698. 30.59% of the stock is currently owned by insiders.

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.