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

BluMetric Environmental Inc. (CVE:BLM)’s stock price shot up 6% on Tuesday . The stock traded as high as C$1.06 and last traded at C$1.06. 171,100 shares changed hands 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 Analysts Forecast Growth

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

BluMetric Environmental Stock Performance

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 stock’s 50-day simple moving average is C$0.98 and its 200 day simple moving average is C$0.85. The company has a debt-to-equity ratio of 55.35, a current ratio of 1.29 and a quick ratio of 3.08.

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.