Biorem Inc. (BRM, TSX-V) UpdateNot mine.
From
BullMarketRun
Biorem Inc. (BRM, TSX-V) Update
A situation that intrigues us, technically and fundamentally, is Biorem Inc. (BRM, TSX-V) which has only 13 million shares outstanding and reported revenues of nearly $5 million for Q1 and quarterly profit of $528,000…
Biorem is an environmental biotechnology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds and hazardous air pollutants…
In mid-June, the company announced it had received several new orders totaling $2.5-million…the orders are for air emission abatement projects in North America, the Middle East and Asia…
“These recent orders are a reflection of our customers’ desires for reliability and the ability to achieve stringent performance targets,” said Derek S. Webb, President and CEO. “Each of these orders are from repeat customers who are accustomed to having their projects successfully completed on time and on budget. These projects are in the semiconductor, petrochemical, as well as the food and beverage sectors, and represent a cross-section of the potential applications where our advanced biological solutions can be effectively applied.”
Technically, what’s interesting about BRM is the fact that it’s very close to pushing through a downtrend line that has been in place for several years as shown in this 10-year monthly chart…all aspects of this chart are encouraging…BRM closed at 30.5 cents yesterday…
