BioRem (CVE:BRM) Hits New 1-Year High - Time to Buy?

Shares of BioRem Inc. (CVE:BRM - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$3.45 and last traded at C$3.35, with a volume of 141939 shares trading hands. The stock had previously closed at C$3.22.

Analyst Ratings Changes

Separately, Cormark upgraded shares of BioRem to a "moderate buy" rating in a research note on Tuesday, December 17th.

BioRem Stock Up 4.0 %

The business's 50 day simple moving average is C$2.99 and its 200 day simple moving average is C$2.52. The company has a current ratio of 1.57, a quick ratio of 1.08 and a debt-to-equity ratio of 48.97. The firm has a market capitalization of C$52.60 million, a PE ratio of 15.95 and a beta of 0.85.

Insider Transactions at BioRem

In other BioRem news, Director Derek Webb sold 120,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$2.93, for a total transaction of C$351,600.00. Corporate insiders own 1.90% of the company's stock.

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.