BluMetric Environmental (CVE:BLM) Shares Down 3.8% – Should You Sell?

BluMetric Environmental Inc. (CVE:BLM)’s share price dropped 3.8% during trading on Monday . The company traded as low as C$1.00 and last traded at C$1.00. Approximately 94,615 shares traded hands during mid-day trading, an increase of 75% from the average daily volume of 54,163 shares. The stock had previously closed at C$1.04.

Analyst Upgrades and Downgrades

Separately, Clarus Securities raised BluMetric Environmental to a “strong-buy” rating in a research note on Thursday, February 20th.

BluMetric Environmental Trading Down 0.9 %

The company has a debt-to-equity ratio of 55.35, a current ratio of 1.29 and a quick ratio of 3.08. The company has a market cap of C$37.40 million, a price-to-earnings ratio of 465.87 and a beta of 1.43. The business has a 50 day simple moving average of C$0.98 and a 200 day simple moving average of C$0.85.

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.