MYCELX Technologies (LON:MYX) Shares Down 17.2% – Should You Sell?

Shares of MYCELX Technologies Co. (LON:MYX) fell 17.2% on Thursday. The stock traded as low as GBX 45 and last traded at GBX 48. 116,930 shares changed hands during mid-day trading, an increase of 336% from the average daily volume of 26,810 shares. The stock had previously closed at GBX 58.

MYCELX Technologies Price Performance

The firm has a market capitalization of £11.69 million, a P/E ratio of 16.00 and a beta of 1.25. The company has a fifty day moving average of GBX 52.19 and a 200 day moving average of GBX 54.04. The company has a debt-to-equity ratio of 26.23, a current ratio of 1.60 and a quick ratio of 2.97.

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. It also sells or leases its equipment; and sells consumable filtration media.