Cannabix Technologies (OTCMKTS:BLOZF) Shares Down 0.1% – Should You Sell?

Cannabix Technologies Inc. (OTCMKTS:BLOZF)’s stock price was down 0.1% during mid-day trading on Tuesday . The company traded as low as $0.4254 and last traded at $0.4540. Approximately 182,636 shares changed hands during trading, an increase of 89% from the average daily volume of 96,383 shares. The stock had previously closed at $0.4543.

Cannabix Technologies Price Performance

The firm has a market cap of $54.97 million, a PE ratio of -22.70 and a beta of 0.68. The company’s 50 day moving average price is $0.41 and its 200 day moving average price is $0.41.

Cannabix Technologies (OTCMKTS:BLOZF) last released its earnings results on Tuesday, December 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $0.09 million for the quarter.

Cannabix Technologies Company Profile

Cannabix Technologies Inc is a Canada-based developer of bio­sensor technologies focused on the rapid, non-invasive detection of cannabis impairment. The company’s flagship product is a handheld breathalyzer device designed to identify recent use of tetrahydrocannabinol (THC) within minutes of exhalation, offering law enforcement agencies, public safety organizations and workplace safety departments a potential tool to assess impairment in real time.

The Cannabix breathalyzer employs proprietary sensor arrays and on-board algorithms to distinguish THC molecules in breath samples, delivering results without the need for laboratory analysis.