Oxus Acquisition (NASDAQ:OXUS) Shares Down 6.7% – Here’s What Happened

Oxus Acquisition Corp. (NASDAQ:OXUS) fell 6.7% during trading on Tuesday . The company traded as low as $1.39 and last traded at $1.39. 13,377 shares were traded during mid-day trading, a decline of 65% from the average session volume of 38,372 shares. The stock had previously closed at $1.49.

Oxus Acquisition Stock Performance

The company has a market cap of $9.19 million, a price-to-earnings ratio of -6.67 and a beta of 0.01. The company’s fifty day moving average is $1.35 and its two-hundred day moving average is $2.10.

About Oxus Acquisition

Oxus Acquisition Corp is a special-purpose acquisition company (SPAC) incorporated in the Cayman Islands and listed on the Nasdaq Stock Market under the ticker symbol OXUS. As a blank-check acquisition vehicle, the company was formed to raise capital through an initial public offering and to complete a business combination, merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction with one or more operating businesses.

Following its public listing, Oxus Acquisition has held its assets in a trust account while seeking a target company.