MYCELX Technologies (LON:MYX) Shares Pass Below 200 Day Moving Average – Here’s Why

MYCELX Technologies Co. (LON:MYX)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 52.11 ($0.68) and traded as low as GBX 40 ($0.52). MYCELX Technologies shares last traded at GBX 40.50 ($0.53), with a volume of 4,213 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 95 ($1.24) target price on shares of MYCELX Technologies in a research report on Tuesday, September 24th.

MYCELX Technologies Price Performance

The company has a debt-to-equity ratio of 23.15, a quick ratio of 2.97 and a current ratio of 2.93. The stock has a market capitalization of £9.87 million, a price-to-earnings ratio of -368.18 and a beta of 1.00. The business’s 50 day simple moving average is GBX 42.30 and its 200-day simple moving average is GBX 52.02.

Insider Activity

In other MYCELX Technologies news, insider André Schnabl acquired 48,836 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of GBX 51 ($0.66) per share, with a total value of £24,906.36 ($32,421.71). Corporate insiders own 19.26% of the company’s stock.

About MYCELX Technologies

MYCELX Technologies Corporation, a clean water technology company, provides water treatment solutions to the oil and gas, power, marine, and heavy manufacturing sectors in the Middle East, the United States, Nigeria, Australia and internationally. The company offers oil removal solutions for upstream produced water to oil companies; and hydrocarbons removal services from downstream process wastewater that are used in petrochemical facilities and refineries.