BluMetric Environmental (CVE:BLM) Stock Price Down 0.7% – Here’s Why

Shares of BluMetric Environmental Inc. (CVE:BLM) were down 0.7% on Thursday . The company traded as low as C$1.36 and last traded at C$1.36. Approximately 43,398 shares were traded during trading, a decline of 17% from the average daily volume of 52,218 shares. The stock had previously closed at C$1.37.

BluMetric Environmental Stock 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 cap of C$70.96 million, a PE ratio of -21.67 and a beta of 0.04. The business’s 50-day moving average price is C$1.43 and its 200-day moving average price is C$1.38.

Insider Transactions at BluMetric Environmental

In other news, Director Scott Andrew Macfabe purchased 143,850 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were purchased 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 of the company’s stock, valued at approximately C$681,336.90. This represents a 39.86% increase in their position. In the last ninety days, insiders acquired 144,577 shares of company stock valued at $195,215. Company insiders own 11.20% of the company’s stock.

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