CHAR Technologies (CVE:YES) Reaches New 12-Month Low – What’s Next?

CHAR Technologies Ltd. (CVE:YES)’s share price hit a new 52-week low during trading on Friday . The company traded as low as C$0.16 and last traded at C$0.17, with a volume of 115857 shares trading hands. The stock had previously closed at C$0.18.

CHAR Technologies Price Performance

The company has a debt-to-equity ratio of 175.05, a quick ratio of 0.60 and a current ratio of 0.57. The firm has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.24. The firm has a market cap of C$17.23 million, a PE ratio of -2.13 and a beta of 1.59.

Insider Activity

In other news, Director James Sbrolla purchased 801,139 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of C$0.20 per share, for a total transaction of C$156,222.11. Corporate insiders own 18.80% of the company’s stock.

About CHAR Technologies

CHAR Technologies Ltd., a cleantech development and services company, engages in the conversion of organic waste into renewable gases and biocarbon products. It offers SulfaCHAR, an activated charcoal; CleanFyre, a solid biofuel; and high temperature pyrolysis technology, which transform organic waste streams to renewable outputs, as well as converting woody materials.