BluMetric Environmental (CVE:BLM) Reaches New 12-Month High – Still a Buy?

Shares of BluMetric Environmental Inc. (CVE:BLM) hit a new 52-week high on Monday . The stock traded as high as C$1.50 and last traded at C$1.40, with a volume of 31395 shares changing hands. The stock had previously closed at C$1.43.

Wall Street Analyst Weigh In

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

BluMetric Environmental Price Performance

The firm has a market capitalization of C$49.39 million, a PE ratio of 615.30 and a beta of 1.43. The stock has a 50-day moving average price of C$1.16 and a 200 day moving average price of C$0.99. The company has a quick ratio of 3.08, a current ratio of 1.29 and a debt-to-equity ratio of 55.35.

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.