BluMetric Environmental (CVE:BLM) Reaches New 1-Year High – Time to Buy?

BluMetric Environmental Inc. (CVE:BLM)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$1.19 and last traded at C$1.18, with a volume of 595571 shares traded. The stock had previously closed at C$1.06.

Analysts Set New Price Targets

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

BluMetric Environmental Trading Up 10.4 %

The company has a debt-to-equity ratio of 55.35, a current ratio of 1.29 and a quick ratio of 3.08. The company has a fifty day moving average of C$0.99 and a 200-day moving average of C$0.85. The firm has a market capitalization of C$41.28 million, a PE ratio of 514.22 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.