BluMetric Environmental (CVE:BLM) Trading 0.6% Higher – Time to Buy?

BluMetric Environmental Inc. (CVE:BLM)’s share price rose 0.6% on Monday . The company traded as high as C$1.57 and last traded at C$1.57. Approximately 49,907 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 37,415 shares. The stock had previously closed at C$1.56.

BluMetric Environmental Price Performance

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 has a market capitalization of C$77.02 million, a price-to-earnings ratio of -157.00 and a beta of 0.23. The stock has a 50-day moving average price of C$1.44 and a 200 day moving average price of C$1.37.

Insider Transactions at BluMetric Environmental

In other BluMetric Environmental news, Director Scott Andrew Macfabe acquired 143,850 shares of the company’s stock in a transaction on Monday, December 15th. The shares were bought at an average cost of C$1.35 per share, with a total value of C$194,197.50. Following the completion of the acquisition, the director owned 504,694 shares in the company, valued at approximately C$681,336.90. This trade represents a 39.86% increase in their ownership of the stock. Insiders purchased a total of 144,532 shares of company stock worth $195,214 in the last quarter. Corporate insiders own 11.20% of the company’s stock.

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. It also provides environmental site assessment and remediation services, environmental engineering solutions, occupational hygiene and safety, geomatics, and fabrication and operation support services.