Lexaria Bioscience (OTCMKTS:LXRP) Stock Price Crosses Above Fifty Day Moving Average of $0.22

Lexaria Bioscience Corp. (OTCMKTS:LXRPGet Rating) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.22 and traded as high as $0.25. Lexaria Bioscience shares last traded at $0.22, with a volume of 2,151,500 shares changing hands.

Lexaria Bioscience Price Performance

The company has a quick ratio of 8.01, a current ratio of 8.52 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average is $0.22.

About Lexaria Bioscience

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Lexaria Bioscience Corp. operates in the drug delivery platform business. It develops and out-licenses its DehydraTECH technology for the delivery of bioactive compounds that promotes healthy ingestion methods, lower overall dosing, and higher effectiveness in active molecule delivery. The company has licensed DehydraTECH to various companies operating in the nicotine, pharmaceutical, nutraceutical, and vitamin industries.

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