BQE Water (CVE:BQE) Stock Price Up 2.6% - Should You Buy?

Key Points

• BQE Water Inc. saw a stock price increase of 2.6%, trading at C$58.50 after a notable rise in trading volume, with 2,085 shares exchanged, reflecting a 178% increase from the average volume.
• The company has a strong financial position with a current ratio of 5.62 and a low debt-to-equity ratio of 12.98.
• BQE Water specializes in wastewater management and treatment solutions for the mining industry, addressing various environmental contaminants including metals and cyanide.

BQE Water Inc. (CVE:BQE - Get Free Report)'s share price shot up 2.6% during mid-day trading on Thursday . The company traded as high as C$58.50 and last traded at C$58.50. 2,085 shares changed hands during trading, an increase of 178% from the average session volume of 750 shares. The stock had previously closed at C$57.01.

BQE Water Price Performance

The stock has a market cap of C$72.74 million, a P/E ratio of 10.29 and a beta of 0.33. The company has a debt-to-equity ratio of 12.98, a current ratio of 5.62 and a quick ratio of 3.70. The business's fifty day moving average price is C$54.62 and its 200 day moving average price is C$53.49.

About BQE Water

BQE Water Inc, a water treatment company, provides wastewater management and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally. It offers water treatment solutions for mine drainage, run-off, waste rock seepage, tailings water, groundwater, and lime plant influent and/or effluent streams for treating metals, sulphate, selenium, nitrate, ammonia, and cyanide in the mining sector; smelting and refining services for treating metals and sulphate; and hydrometallurgy services for the treatment of metals, cyanide, and acids.