BioRem (CVE:BRM) Sets New 12-Month High – Here’s What Happened

BioRem Inc. (CVE:BRM) hit a new 52-week high during trading on Thursday. The stock traded as high as C$4.46 and last traded at C$4.27, with a volume of 25,080 shares. The stock had previously closed at C$4.44.

BioRem Price Performance

The company has a debt-to-equity ratio of 14.17, a quick ratio of 1.08 and a current ratio of 2.04. The firm has a market capitalization of C$70.01 million, a price-to-earnings ratio of 12.86 and a beta of 0.77. The business has a fifty day moving average of C$3.60 and a two-hundred day moving average of C$3.12.

Insider Buying and Selling

In other BioRem news, Director Derek Webb sold 28,700 shares of BioRem stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$3.82, for a total transaction of C$109,634.00. Following the completion of the transaction, the director directly owned 362,370 shares of the company’s stock, valued at C$1,384,253.40. The trade was a 7.34% decrease in their ownership of the stock. 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. The company also provides multi-stage systems to remove odors from various municipal/urban wastewater treatment processes; biogas desulfurization systems; dry scrubber adsorption systems; and cannabis odor control systems.