Axion Ventures Inc (CVE:AXV)’s stock price fell 1.8% during trading on Thursday . The stock traded as low as C$0.54 and last traded at C$0.55, 34,000 shares traded hands during trading. A decline of 31% from the average session volume of 48,995 shares. The stock had previously closed at C$0.56.
Separately, Haywood Securities cut their price target on shares of Axion Ventures from C$1.60 to C$1.25 in a report on Wednesday, August 7th.
The firm has a market capitalization of $154.37 million and a PE ratio of -11.96. The firm’s fifty day moving average is C$0.59 and its two-hundred day moving average is C$0.84. The company has a debt-to-equity ratio of 12,860.00, a current ratio of 0.18 and a quick ratio of 0.17.
Axion Ventures Inc primarily develops and publishes online games for various platforms, consoles, PCs, and mobiles in China and internationally. The company also develops display technology based on eyewear and contact lenses; and HotNow, a marketing automation platform for retailers to offer various promotions.
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