Lexaria Bioscience (OTCMKTS:LXRP) Share Price Crosses Below 50 Day Moving Average of $0.22

Lexaria Bioscience Corp. (OTCMKTS:LXRPGet Free Report)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.22 and traded as low as $0.21. Lexaria Bioscience shares last traded at $0.22, with a volume of 2,151,500 shares.

Lexaria Bioscience Trading Down 10.7 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.01 and a current ratio of 8.52. The stock has a 50-day moving average of $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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