BluMetric Environmental (CVE:BLM) Stock Price Up 1.5% – Here’s Why

BluMetric Environmental Inc. (CVE:BLM) shares shot up 1.5% during mid-day trading on Monday . The company traded as high as C$1.42 and last traded at C$1.37. 8,031 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 74,490 shares. The stock had previously closed at C$1.35.

BluMetric Environmental Stock Up 1.5%

The stock has a market capitalization of C$51.37 million, a P/E ratio of -137.00 and a beta of 0.08. 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’s 50 day simple moving average is C$1.38 and its 200 day simple moving average is C$1.39.

Insider Activity

In other news, Director Scott Andrew Macfabe sold 56,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of C$1.32, for a total value of C$73,920.00. Following the transaction, the director directly owned 311,622 shares in the company, valued at approximately C$411,341.04. This trade represents a 15.23% decrease in their position. In the last 90 days, insiders have sold 166,441 shares of company stock valued at $223,271. Company insiders own 11.20% of the company’s stock.

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.