MYCELX Technologies (LON:MYX) Shares Down 11.2% – Here’s Why

MYCELX Technologies Co. (LON:MYX)’s share price was down 11.2% during trading on Monday . The stock traded as low as GBX 19 ($0.25) and last traded at GBX 19.99 ($0.27). Approximately 246,200 shares were traded during mid-day trading, an increase of 692% from the average daily volume of 31,088 shares. The stock had previously closed at GBX 22.50 ($0.30).

MYCELX Technologies Stock Down 1.9%

The company has a current ratio of 2.93, a quick ratio of 2.97 and a debt-to-equity ratio of 23.15. The firm has a market capitalization of £5.25 million, a P/E ratio of -1.45 and a beta of 1.00. The stock’s 50-day simple moving average is GBX 25.83 and its 200-day simple moving average is GBX 32.05.

MYCELX Technologies Company Profile

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.