BluMetric Environmental (CVE:BLM) Stock Price Down 2.3% on Insider Selling

BluMetric Environmental Inc. (CVE:BLM) was down 2.3% during mid-day trading on Monday following insider selling activity. The company traded as low as C$1.25 and last traded at C$1.27. Approximately 38,676 shares changed hands during trading, a decline of 52% from the average daily volume of 80,021 shares. The stock had previously closed at C$1.30.

Specifically, Director Scott Andrew Macfabe sold 56,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of C$1.32, for a total value of C$73,920.00. Following the transaction, the director directly owned 311,622 shares of the company’s stock, valued at approximately C$411,341.04. The trade was a 15.23% decrease in their position. Also, Director Scott Andrew Macfabe sold 20,289 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of C$1.31, for a total transaction of C$26,578.59. Following the completion of the transaction, the director directly owned 291,333 shares in the company, valued at C$381,646.23. This trade represents a 6.51% decrease in their ownership of the stock.

BluMetric Environmental Stock Performance

The firm has a market capitalization of C$46.65 million, a PE ratio of -126.00 and a beta of 0.17. 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’s fifty day simple moving average is C$1.33 and its 200 day simple moving average is C$1.31.

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.