Oxus Acquisition (NASDAQ:OXUS) Stock Price Down 6.7% – Here’s What Happened

Oxus Acquisition Corp. (NASDAQ:OXUS)’s share price was down 6.7% during trading on Tuesday . The company traded as low as $1.39 and last traded at $1.39. Approximately 13,377 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 38,372 shares. The stock had previously closed at $1.49.

Oxus Acquisition Price Performance

The company has a 50-day moving average of $1.34 and a two-hundred day moving average of $2.11. The company has a market capitalization of $9.12 million, a PE ratio of -6.62 and a beta of 0.01.

About Oxus Acquisition

Oxus Acquisition Corp is a special-purpose acquisition company (SPAC) incorporated in the Cayman Islands and listed on the Nasdaq Stock Market under the ticker symbol OXUS. As a blank-check acquisition vehicle, the company was formed to raise capital through an initial public offering and to complete a business combination, merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction with one or more operating businesses.

Following its public listing, Oxus Acquisition has held its assets in a trust account while seeking a target company.