BluMetric Environmental (CVE:BLM) Shares Up 6% – Still a Buy?

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

Wall Street Analyst Weigh In

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

BluMetric Environmental Trading Up 8.0 %

The firm has a 50-day moving average price of C$0.98 and a 200-day moving average price of C$0.84. The company has a debt-to-equity ratio of 55.35, a quick ratio of 3.08 and a current ratio of 1.29. The stock has a market cap of C$38.10 million, a PE ratio of 474.66 and a beta of 1.43.

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.