BQE Water (CVE:BQE) Shares Up 1.4% – Still a Buy?

BQE Water Inc. (CVE:BQE)’s share price shot up 1.4% during trading on Friday . The company traded as high as C$54.00 and last traded at C$54.00. 2,332 shares changed hands during mid-day trading, an increase of 85% from the average session volume of 1,262 shares. The stock had previously closed at C$53.25.

BQE Water Price Performance

The firm has a market capitalization of C$69.12 million, a P/E ratio of 27.98 and a beta of 0.68. The business has a 50-day moving average of C$58.00 and a 200 day moving average of C$59.42. The company has a current ratio of 5.62, a quick ratio of 3.70 and a debt-to-equity ratio of 12.98.

BQE Water (CVE:BQE) last issued its earnings results on Tuesday, August 27th. The company reported C$0.43 EPS for the quarter, missing analysts’ consensus estimates of C$0.87 by C($0.44). BQE Water had a net margin of 14.27% and a return on equity of 17.67%. The firm had revenue of C$3.42 million during the quarter, compared to the consensus estimate of C$4.10 million.

Insider Activity at BQE Water

In other news, Senior Officer Songlin Ye bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of C$8.75 per share, with a total value of C$26,250.00. Insiders bought 4,200 shares of company stock valued at $93,655 in the last three months. Corporate insiders own 52.45% of the company’s stock.

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.