The stock of Biorem Inc (CVE:BRM) gapped up by $0.025 today and has $0.29 target or 7.00% above today’s $0.27 share price. The 5 months technical chart setup indicates low risk for the $3.75 million company. The gap was reported on Nov, 25 by Barchart.com. If the $0.29 price target is reached, the company will be worth $262,500 more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 45,000 shares traded hands or 1082.97% up from the average. Biorem Inc (CVE:BRM) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
More notable recent Biorem Inc (CVE:BRM) news were published by: Midasletter.com which released: “Biorem Inc. CEO Derek Webb Interview Podcast” on September 21, 2015, also Prnewswire.com with their article: “BIOREM announces orders totalling $4.8 million” published on November 24, 2016, Reuters.com published: “BRIEF-Biorem says has been named, among others, as defendant in a lawsuit” on March 17, 2016. More interesting news about Biorem Inc (CVE:BRM) were released by: Theglobeandmail.com and their article: “Management is key for investor in clean technology” published on December 15, 2012 as well as Prnewswire.com‘s news article titled: “Municipal and Industrial Sludge Treatment and Odor Control : The Global Market” with publication date: July 07, 2014.
Biorem Inc. is a Canada-based clean technology company. The company has a market cap of $3.75 million. The Firm designs, makes and distributes a line of air emissions control systems used to eliminate odors, volatile organic compounds and hazardous air pollutants (HAPs). It has a 10.23 P/E ratio. The Firm operates through the manufacture and sale of air pollution control systems segment.
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