BluMetric Environmental (CVE:BLM) Stock Price Down 2.9% – Here’s What Happened

BluMetric Environmental Inc. (CVE:BLM)’s stock price traded down 2.9% on Tuesday . The company traded as low as C$1.33 and last traded at C$1.36. 9,756 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 54,499 shares. The stock had previously closed at C$1.40.

BluMetric Environmental Stock Performance

The company has a market capitalization of C$74.23 million, a P/E ratio of -22.67 and a beta of 0.04. The stock has a fifty day simple moving average of C$1.42 and a 200-day simple moving average of C$1.38. The company has a quick ratio of 3.08, a current ratio of 1.29 and a debt-to-equity ratio of 55.35.

Insider Transactions at BluMetric Environmental

In other news, Director Scott Andrew Macfabe purchased 143,850 shares of BluMetric Environmental stock in a transaction on Monday, December 15th. The shares were purchased at an average cost of C$1.35 per share, for a total transaction of C$194,197.50. Following the completion of the transaction, the director directly owned 504,694 shares in the company, valued at approximately C$681,336.90. This represents a 39.86% increase in their ownership of the stock. 11.20% of the stock is owned by corporate insiders.

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.