BluMetric Environmental (CVE:BLM) Shares Up 6% – Should You 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 traded hands during mid-day 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 upgraded shares of BluMetric Environmental to a “strong-buy” rating in a report on Thursday, February 20th.

BluMetric Environmental Trading Up 8.0 %

The firm has a market cap of C$38.10 million, a P/E ratio of 474.66 and a beta of 1.43. The firm’s fifty day moving average is C$0.98 and its two-hundred day moving average is C$0.84. 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.