Bri-Chem (TSE:BRY) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Bri-Chem Corp. (TSE:BRY)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.26 and traded as low as C$0.23. Bri-Chem shares last traded at C$0.23, with a volume of 5,000 shares.

Bri-Chem Stock Performance

The stock has a market capitalization of C$6.08 million, a P/E ratio of -3.29 and a beta of -1.23. The company’s 50-day moving average is C$0.23 and its two-hundred day moving average is C$0.26. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 105.88.

Bri-Chem Company Profile

Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other. A majority of its revenue is derived from the distribution of fluids in the United States of America.