BQE Water (CVE:BQE) Stock Price Down 4.2% – Should You Sell?

BQE Water Inc. (CVE:BQE)’s share price dropped 4.2% during mid-day trading on Monday . The company traded as low as C$54.00 and last traded at C$54.00. Approximately 1,475 shares changed hands during trading, an increase of 86% from the average daily volume of 793 shares. The stock had previously closed at C$56.35.

BQE Water Stock Down 4.2 %

The stock has a market cap of C$69.12 million, a P/E ratio of 27.98 and a beta of 0.68. The company has a quick ratio of 3.70, a current ratio of 5.62 and a debt-to-equity ratio of 12.98. The business has a 50-day simple moving average of C$59.48 and a 200-day simple moving average of C$58.81.

About BQE Water

BQE Water Inc, a water treatment company, provides wastewater management and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally. It offers water treatment solutions for mine drainage, run-off, waste rock seepage, tailings water, groundwater, and lime plant influent and/or effluent streams for treating metals, sulphate, selenium, nitrate, ammonia, and cyanide in the mining sector; smelting and refining services for treating metals and sulphate; and hydrometallurgy services for the treatment of metals, cyanide, and acids.