BluMetric Environmental (CVE:BLM) Shares Down 1% - Here's What Happened

Key Points

• BluMetric Environmental shares slipped 1% in midday trading on Friday, with the stock trading between C$0.94 and C$0.97 after closing at C$0.98 the previous session.
• Trading volume was notably lighter than usual, with about 25,450 shares changing hands, roughly 68% below the average daily volume of 78,881 shares.
• The company has a market cap of C$52.95 million and is trading below its 200-day moving average of C$1.27, while operating in environmental services including water treatment, remediation, and engineering.

BluMetric Environmental Inc. (CVE:BLM - ) shares were down 1% during mid-day trading on Friday . The company traded as low as C$0.94 and last traded at C$0.97. Approximately 25,450 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 78,881 shares. The stock had previously closed at C$0.98.

BluMetric Environmental Price Performance

The stock has a market cap of C$52.95 million, a price-to-earnings ratio of -13.86 and a beta of 0.24. The stock has a fifty day simple moving average of C$0.99 and a 200-day simple moving average of C$1.27. The company has a current ratio of 1.46, a quick ratio of 3.08 and a debt-to-equity ratio of 25.01.

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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