Blackline Safety (OTCMKTS:BLKLF) Trading Up 1.9% – What’s Next?

Shares of Blackline Safety Corp. (OTCMKTS:BLKLF) rose 1.9% on Tuesday . The stock traded as high as $4.61 and last traded at $4.61. Approximately 20,491 shares changed hands during trading, an increase of 32% from the average daily volume of 15,509 shares. The stock had previously closed at $4.5235.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada began coverage on shares of Blackline Safety in a research report on Wednesday, December 17th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Blackline Safety Trading Up 1.9%

The stock’s 50 day moving average is $4.91 and its 200 day moving average is $4.98.

Blackline Safety Company Profile

Blackline Safety Corp. is a global provider of cloud-connected safety monitoring solutions designed to protect workers operating in hazardous environments. Headquartered in Calgary, Alberta, the company offers a suite of wearable gas detection and lone worker monitoring devices that integrate with its proprietary SafetyCloud platform. These solutions enable real-time visibility into worker safety status, environmental conditions, and emergency alerts, helping organizations comply with regulatory requirements and respond swiftly to incidents.

The company’s flagship products include the G7 series of wearable monitors, which combine multi-gas detection, two-way cellular communication, GPS tracking, and automatic man-down alerts in a single device.