NexOptic Technology (CVE:NXO) Shares Down 20% – Here’s What Happened

Shares of NexOptic Technology Corp. (CVE:NXOGet Free Report) traded down 20% during trading on Saturday . The stock traded as low as C$0.02 and last traded at C$0.02. 480,200 shares changed hands during mid-day trading, an increase of 387% from the average session volume of 98,644 shares. The stock had previously closed at C$0.03.

NexOptic Technology Stock Performance

The company has a current ratio of 0.07, a quick ratio of 0.01 and a debt-to-equity ratio of 56.33. The company has a market capitalization of C$3.90 million, a PE ratio of -1.00 and a beta of 1.14. The firm’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.02.

About NexOptic Technology

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NexOptic Technology Corp., a technology company, develops artificial intelligence and imaging products. It engages in developing All Light Intelligent Imaging Solutions (ALIIS), a suite of intelligent imaging solution that processes raw images and video in real time; and NexCompress technological solutions.

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