MYCELX Technologies (LON:MYX) Shares Cross Below 200 Day Moving Average – Here’s Why

MYCELX Technologies Co. (LON:MYXGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 52.80 ($0.68) and traded as low as GBX 38 ($0.49). MYCELX Technologies shares last traded at GBX 39 ($0.51), with a volume of 2,500 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 95 ($1.23) price target on shares of MYCELX Technologies in a report on Tuesday, September 24th.

Get Our Latest Stock Report on MYCELX Technologies

MYCELX Technologies Stock Performance

The stock has a market capitalization of £9.38 million, a P/E ratio of -354.55 and a beta of 1.00. The stock has a 50 day moving average of GBX 44.33 and a 200 day moving average of GBX 52.80. The company has a debt-to-equity ratio of 23.15, a quick ratio of 2.97 and a current ratio of 2.93.

Insider Buying and Selling

In related news, insider André Schnabl acquired 48,836 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of GBX 51 ($0.66) per share, for a total transaction of £24,906.36 ($32,299.78). 19.26% of the stock is owned by company insiders.

About MYCELX Technologies

(Get Free Report)

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.

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