BioRem (CVE:BRM) Trading 2.3% Higher – Should You Buy?

BioRem Inc. (CVE:BRM) traded up 2.3% during mid-day trading on Wednesday . The company traded as high as C$3.08 and last traded at C$3.08. 68,545 shares changed hands during mid-day trading, an increase of 126% from the average session volume of 30,386 shares. The stock had previously closed at C$3.01.

BioRem Stock Performance

The firm’s 50 day simple moving average is C$2.63 and its 200 day simple moving average is C$2.29. The firm has a market cap of C$48.36 million, a PE ratio of 14.67 and a beta of 0.85. The company has a current ratio of 1.57, a quick ratio of 1.08 and a debt-to-equity ratio of 48.97.

BioRem (CVE:BRM) last announced its quarterly earnings results on Monday, August 26th. The company reported C$0.02 EPS for the quarter. BioRem had a return on equity of 59.68% and a net margin of 11.35%. The company had revenue of C$7.30 million during the quarter.

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.