MYCELX Technologies (LON:MYX) Shares Down 17.2% – Should You Sell?

MYCELX Technologies Co. (LON:MYX) shares traded down 17.2% during mid-day trading on Thursday. The stock traded as low as GBX 45 and last traded at GBX 48. 116,930 shares traded hands during trading, an increase of 336% from the average session volume of 26,810 shares. The stock had previously closed at GBX 58.

MYCELX Technologies Price Performance

The company has a quick ratio of 2.97, a current ratio of 1.60 and a debt-to-equity ratio of 26.23. The stock has a market capitalization of £11.69 million, a price-to-earnings ratio of 16.00 and a beta of 1.25. The business’s 50 day simple moving average is GBX 52.19 and its 200-day simple moving average is GBX 54.04.

About MYCELX Technologies

MYCELX Technologies Corporation, a clean water technology company, provides water treatment solutions to the oil and gas, power, marine, and heavy manufacturing sectors in the Middle East, the United States, Nigeria, Australia and internationally. The company offers oil removal solutions for upstream produced water to oil companies; and hydrocarbons removal services from downstream process wastewater that are used in petrochemical facilities and refineries. It also sells or leases its equipment; and sells consumable filtration media.