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BluMetric Environmental ( (TSE:BLM) ) has issued an announcement.
BluMetric Environmental has secured two Caribbean contracts worth a combined CA$5 million, underscoring its growing presence in regional water infrastructure. The company will supply a seawater reverse osmosis and membrane bioreactor system for a private island in the Exumas, Bahamas, in a CA$3.4 million project that integrates design, engineering, manufacturing, and service for both potable water and wastewater treatment. In addition, BluMetric has signed a CA$1.6 million one-year operations and maintenance agreement for its desalination plant in St. Kitts and Nevis, marking its first recurring O&M contract in the Caribbean and advancing its strategy to build a more stable, service-based revenue stream alongside its deployed WaterTech systems.
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 stock score is primarily influenced by its mixed financial performance and positive technical indicators. While revenue growth and stable leverage are positives, profitability and cash flow challenges weigh heavily. The technical analysis suggests some positive momentum, but valuation concerns due to negative earnings and lack of dividends limit the overall attractiveness.
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 that designs, fabricates, and delivers sustainable solutions to complex water and environmental challenges. Headquartered in Ottawa, the company operates with more than 385 employees across 15 offices and three manufacturing facilities, serving commercial and industrial, government, military, and mining clients in Canada and internationally.
Average Trading Volume: 57,788
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$50.65M
For detailed information about BLM stock, go to TipRanks’ Stock Analysis page.