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Vertex Resource Group stock dropped 21% on heavy volume, falling below key averages amid high debt and negative earnings.
Vertex Resource Group (CVE:VTX) shares plummeted 21.1% on Monday, closing at C$0.15 amid a surge in trading volume to 243,000 shares, a 685% spike from average levels.
The drop brought the stock below its 50-day and 200-day moving averages.
The company, which provides environmental and industrial services in Canada and the U.S., reported a debt-to-equity ratio of 211.40 and a negative price-to-earnings ratio of -1.67.
No specific cause for the decline was provided.
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Las acciones de Vertex Resource Group cayeron un 21% debido al gran volumen, cayendo por debajo de los promedios clave en medio de una alta deuda y ganancias negativas.