Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
BluMetric Environmental ( (TSE:BLM) ) just unveiled an announcement.
BluMetric Environmental Inc. has secured a $1.3 million environmental engineering contract with a multinational mining operator for a rehabilitation project in Ontario. This contract highlights BluMetric’s strong position in the mining sector, especially as the market conditions improve, and underscores its strategic focus on addressing the environmental challenges posed by abandoned mine sites in Ontario. Additionally, the company announced a change in its Board of Directors with the departure of Ms. Wanda Richardson, who served on the Nominating and Governance Committee and the Compensation Committee.
The most recent analyst rating on (TSE:BLM) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on BluMetric Environmental stock, see the TSE:BLM Stock Forecast page.
Spark’s Take on TSE:BLM Stock
According to Spark, TipRanks’ AI Analyst, TSE:BLM is a Neutral.
BluMetric Environmental’s overall stock score is primarily impacted by its mixed financial performance, with positive revenue growth overshadowed by profitability and cash flow challenges. Technical indicators suggest a bearish trend, and the negative P/E ratio highlights valuation concerns.
To see Spark’s full report on TSE:BLM stock, click here.
More about BluMetric Environmental
BluMetric Environmental Inc. is a publicly traded water technology and environmental engineering firm based in Ottawa, Ontario. The company designs, fabricates, and delivers sustainable solutions to complex water and environmental challenges, serving Commercial and Industrial, Government, Military, and Mining clients. It operates with over 230 employees across 11 offices and 3 manufacturing facilities, with a history spanning over 50 years.
Average Trading Volume: 82,826
Technical Sentiment Signal: Buy
Current Market Cap: C$50.55M
See more data about BLM stock on TipRanks’ Stock Analysis page.