Cannabix Technologies (OTCMKTS:BLOZF) Shares Down 3.3% – Here’s What Happened

Cannabix Technologies Inc. (OTCMKTS:BLOZF)’s share price dropped 3.3% during trading on Friday . The stock traded as low as $0.3619 and last traded at $0.3620. Approximately 38,494 shares traded hands during trading, a decline of 39% from the average daily volume of 62,700 shares. The stock had previously closed at $0.3745.

Cannabix Technologies Stock Performance

The business has a 50 day simple moving average of $0.42 and a two-hundred day simple moving average of $0.46. The firm has a market capitalization of $44.47 million, a P/E ratio of -18.10 and a beta of 1.01.

Cannabix Technologies Company Profile

Cannabix Technologies Inc is a Canada-based developer of bio­sensor technologies focused on the rapid, non-invasive detection of cannabis impairment. The company’s flagship product is a handheld breathalyzer device designed to identify recent use of tetrahydrocannabinol (THC) within minutes of exhalation, offering law enforcement agencies, public safety organizations and workplace safety departments a potential tool to assess impairment in real time.

The Cannabix breathalyzer employs proprietary sensor arrays and on-board algorithms to distinguish THC molecules in breath samples, delivering results without the need for laboratory analysis.