BluMetric Environmental (CVE:BLM) Stock Price Down 3.8% – What’s Next?

BluMetric Environmental Inc. (CVE:BLM)’s share price was down 3.8% during mid-day trading on Monday . The company traded as low as C$1.00 and last traded at C$1.00. Approximately 94,615 shares changed hands during trading, an increase of 75% from the average daily volume of 54,163 shares. The stock had previously closed at C$1.04.

Wall Street Analyst Weigh In

Separately, Clarus Securities upgraded BluMetric Environmental to a “strong-buy” rating in a research note on Thursday, February 20th.

BluMetric Environmental Stock Performance

The firm has a fifty day simple moving average of C$0.98 and a 200 day simple moving average of C$0.84. The company has a current ratio of 1.29, a quick ratio of 3.08 and a debt-to-equity ratio of 55.35. The stock has a market cap of C$35.28 million, a price-to-earnings ratio of 439.50 and a beta of 1.43.

BluMetric Environmental Company Profile

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.