Cannabix Technologies (OTCMKTS:BLOZF) Stock Price Down 3.6% – Time to Sell?

Shares of Cannabix Technologies Inc. (OTCMKTS:BLOZF) dropped 3.6% during trading on Wednesday . The stock traded as low as $0.3914 and last traded at $0.4035. Approximately 134,463 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 104,623 shares. The stock had previously closed at $0.4187.

Cannabix Technologies Price Performance

The company has a market cap of $48.85 million, a PE ratio of -20.18 and a beta of 0.99. The business’s 50 day moving average is $0.42 and its 200-day moving average is $0.41.

Cannabix Technologies (OTCMKTS:BLOZF) last announced its quarterly earnings data on Tuesday, December 30th. The company reported ($0.01) earnings per share for the quarter. The firm 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.