BluMetric Environmental (CVE:BLM) Sets New 52-Week Low - Here's Why

Key Points

• Shares hit a new 52-week low, trading as low as C$0.86 and last at C$0.91 on volume of 371,428 shares after a previous close of C$1.00.
• The stock is trading below its 50- and 200-day SMAs (C$1.24 and C$1.34), has a small market cap of C$51.86 million and is unprofitable with a negative P/E of -13.57.
• BluMetric provides environmental and engineering services; despite a high reported debt-to-equity ratio (25.01), it shows strong short-term liquidity (quick ratio 3.08, current ratio 1.46) and a beta of -0.16 indicating limited correlation with the broader market.

BluMetric Environmental Inc. (CVE:BLM - ) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$0.86 and last traded at C$0.91, with a volume of 371428 shares trading hands. The stock had previously closed at C$1.00.

BluMetric Environmental Stock Performance

The stock has a fifty day simple moving average of C$1.24 and a two-hundred day simple moving average of C$1.34. The stock has a market cap of C$51.86 million, a price-to-earnings ratio of -13.57 and a beta of -0.16. The company has a debt-to-equity ratio of 25.01, a quick ratio of 3.08 and a current ratio of 1.46.

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.

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