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Blackline Safety (TSE:BLN) Shares Cross Above 50 Day Moving Average - Here's Why

Blackline Safety logo with Computer and Technology background
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Blackline Safety Corp. (TSE:BLN - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$6.88 and traded as high as C$6.88. Blackline Safety shares last traded at C$6.55, with a volume of 29,379 shares changing hands.

Blackline Safety Trading Up 2.5 %

The stock has a market capitalization of C$560.74 million, a PE ratio of -40.47 and a beta of 1.54. The company's 50 day moving average price is C$6.89 and its two-hundred day moving average price is C$6.66. The company has a debt-to-equity ratio of 23.58, a current ratio of 1.97 and a quick ratio of 3.09.

Insiders Place Their Bets

In other news, Director Robert Herdman sold 12,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$7.25, for a total transaction of C$87,000.00. 30.13% of the stock is currently owned by corporate insiders.

Blackline Safety Company Profile

(Get Free Report)

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.

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