BluMetric Environmental (CVE:BLM) Trading 6% Higher – Here’s Why

BluMetric Environmental Inc. (CVE:BLM)’s share price rose 6% during mid-day trading on Tuesday . The company traded as high as C$1.06 and last traded at C$1.06. Approximately 171,100 shares were traded during trading, an increase of 216% from the average daily volume of 54,163 shares. The stock had previously closed at C$1.00.

Wall Street Analysts Forecast Growth

Separately, Clarus Securities raised shares of BluMetric Environmental to a “strong-buy” rating in a report on Thursday, February 20th.

BluMetric Environmental Stock Down 0.9 %

The company has a quick ratio of 3.08, a current ratio of 1.29 and a debt-to-equity ratio of 55.35. The stock has a market capitalization of C$37.40 million, a P/E ratio of 465.87 and a beta of 1.43. The firm has a 50 day simple moving average of C$0.98 and a two-hundred day simple moving average of C$0.85.

About BluMetric Environmental

BluMetric Environmental Inc provides solutions for environmental issues worldwide. The company offers professional services in the fields of environmental geosciences and engineering, industrial hygiene, occupational health and safety, renewable energy, water and wastewater treatment, and environmental contracting and management.