Visionstate (CVE:VIS) Shares Down 20% – Here’s Why

Visionstate Corp. (CVE:VIS) fell 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 1,257,250 shares changed hands during trading, an increase of 78% from the average session volume of 705,775 shares. The stock had previously closed at C$0.03.

Visionstate Price Performance

The company has a debt-to-equity ratio of 86.71, a current ratio of 0.76 and a quick ratio of 0.17. The business’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.02. The stock has a market capitalization of C$5.17 million, a P/E ratio of -4.00 and a beta of -0.54.

Visionstate Company Profile

Visionstate Corp., through its subsidiaries, engages in the research and development of technology in the realm of the Internet of Things, big data and analytics, and sustainability. It offers WandaNEXT, a wall-mounted, antimicrobial, wireless touchscreen tablet that empowers patrons to immediately notify cleaning staff of specific restroom needs and Wanda Mobile, an analytic and diagnostic tool to monitor and audit the effectiveness of supply management, response times, and protocols. The company serves building service, medical, entertainment, travel, and retail industries.