MYCELX Technologies (LON:MYX) Trading 22.5% Higher – Here’s What Happened

MYCELX Technologies Co. (LON:MYX)’s share price traded up 22.5% on Tuesday . The stock traded as high as GBX 35 and last traded at GBX 34.90. 62,479 shares were traded during mid-day trading, an increase of 168% from the average session volume of 23,313 shares. The stock had previously closed at GBX 28.50.

MYCELX Technologies Trading Up 22.5%

The stock has a fifty day simple moving average of GBX 27.77 and a 200 day simple moving average of GBX 26.64. The firm has a market capitalization of £8.50 million, a P/E ratio of -2.49 and a beta of 1.00. The company has a quick ratio of 2.97, a current ratio of 2.93 and a debt-to-equity ratio of 23.15.

About MYCELX Technologies

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. It also sells or leases its equipment; and sells consumable filtration media.