CHAR Technologies (CVE:YES) Stock Price Down 7.9% – Here’s Why

Shares of CHAR Technologies Ltd. (CVE:YESGet Free Report) dropped 7.9% on Thursday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 15,010 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 58,412 shares. The stock had previously closed at C$0.19.

CHAR Technologies Stock Performance

The company has a market cap of C$20.70 million, a price-to-earnings ratio of -2.12 and a beta of 1.59. The firm’s 50 day simple moving average is C$0.18 and its 200-day simple moving average is C$0.20. The company has a debt-to-equity ratio of 1,068.91, a quick ratio of 0.60 and a current ratio of 0.62.

CHAR Technologies Company Profile

(Get Free Report)

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.

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