BQE Water (CVE:BQE) Trading Up 2.5% - Here's Why

BQE Water Inc. (CVE:BQE - Get Free Report) shares traded up 2.5% on Friday . The company traded as high as C$62.50 and last traded at C$59.99. 3,305 shares changed hands during mid-day trading, an increase of 164% from the average session volume of 1,253 shares. The stock had previously closed at C$58.50.

BQE Water Price Performance

The stock has a 50 day moving average of C$57.27 and a two-hundred day moving average of C$58.65. The stock has a market cap of C$76.79 million, a PE ratio of 31.08 and a beta of 0.68. The company has a debt-to-equity ratio of 12.98, a quick ratio of 3.70 and a current ratio of 5.62.

BQE Water (CVE:BQE - Get Free Report) last released its earnings results on Tuesday, August 27th. The company reported C$0.43 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of C$3.42 million for the quarter, compared to analysts' expectations of C$4.10 million.

Insider Buying and Selling at BQE Water

In other news, Senior Officer Songlin Ye purchased 600 shares of BQE Water stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of C$55.50 per share, for a total transaction of C$33,300.00. Insiders have acquired a total of 4,200 shares of company stock valued at $93,655 in the last 90 days. 52.45% of the stock is currently owned by corporate insiders.

BQE Water Company Profile

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.