Oxus Acquisition (NASDAQ:OXUS) Stock Price Down 3.4% – Here’s Why

Oxus Acquisition Corp. (NASDAQ:OXUS) shares were down 3.4% during mid-day trading on Monday . The stock traded as low as $1.68 and last traded at $1.69. Approximately 9,864 shares were traded during trading, a decline of 74% from the average daily volume of 38,372 shares. The stock had previously closed at $1.75.

Oxus Acquisition Price Performance

The business has a 50 day moving average of $1.34 and a 200 day moving average of $2.25. The company has a market cap of $11.09 million, a PE ratio of -8.05 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.