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

Shares of BluMetric Environmental Inc. (CVE:BLM) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$0.75 and last traded at C$0.75, with a volume of 183124 shares traded. The stock had previously closed at C$0.70.

BluMetric Environmental Trading Up 5.7 %

The firm’s 50 day simple moving average is C$0.59 and its two-hundred day simple moving average is C$0.49. The company has a quick ratio of 3.08, a current ratio of 3.67 and a debt-to-equity ratio of 24.54. The stock has a market cap of C$23.52 million, a P/E ratio of 18.50 and a beta of 1.43.

Insider Buying and Selling

In other news, insider Roger Michael Woeller sold 500,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of C$0.52, for a total transaction of C$260,000.00. In other BluMetric Environmental news, Senior Officer John Daniel Hilton purchased 47,000 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was bought at an average price of C$0.65 per share, with a total value of C$30,550.00. Also, insider Roger Michael Woeller sold 500,000 shares of BluMetric Environmental stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of C$0.52, for a total transaction of C$260,000.00. 11.20% of the stock is owned by company insiders.

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.