BQE Water (CVE:BQE) Trading 2.5% Higher – Still a Buy?

BQE Water Inc. (CVE:BQE)’s share price shot up 2.5% during trading on Friday . The company traded as high as C$62.50 and last traded at C$59.99. 3,305 shares were traded during mid-day trading, an increase of 164% from the average session volume of 1,253 shares. The stock had previously closed at C$58.50.

BQE Water Stock Performance

The company has a debt-to-equity ratio of 12.98, a quick ratio of 3.70 and a current ratio of 5.62. The business’s fifty day moving average price is C$57.23 and its 200-day moving average price is C$58.68. The stock has a market cap of C$76.79 million, a PE ratio of 31.08 and a beta of 0.68.

BQE Water (CVE:BQE) last posted its quarterly earnings data on Tuesday, August 27th. The company reported C$0.43 EPS for the quarter, missing analysts’ consensus estimates of C$0.87 by C($0.44). The firm had revenue of C$3.42 million for the quarter, compared to analysts’ expectations of C$4.10 million. BQE Water had a net margin of 14.27% and a return on equity of 17.67%.

Insider Transactions at BQE Water

In other news, Senior Officer Songlin Ye purchased 3,000 shares of the stock in a transaction on Friday, September 13th. The shares were acquired at an average price of C$8.75 per share, with a total value of C$26,250.00. Insiders have acquired 4,200 shares of company stock worth $93,655 in the last 90 days. 52.45% of the stock is currently owned by insiders.

About BQE Water

BQE Water Inc, a water treatment company, provides wastewater management and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally. It offers water treatment solutions for mine drainage, run-off, waste rock seepage, tailings water, groundwater, and lime plant influent and/or effluent streams for treating metals, sulphate, selenium, nitrate, ammonia, and cyanide in the mining sector; smelting and refining services for treating metals and sulphate; and hydrometallurgy services for the treatment of metals, cyanide, and acids.