NexOptic Technology (CVE:NXO) Stock Price Down 25% – Here’s Why

NexOptic Technology Corp. (CVE:NXOGet Free Report)’s share price fell 25% during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 260,090 shares traded hands during mid-day trading, an increase of 242% from the average session volume of 75,955 shares. The stock had previously closed at C$0.02.

NexOptic Technology Stock Performance

The company has a debt-to-equity ratio of 56.33, a current ratio of 0.07 and a quick ratio of 0.01. The firm has a market capitalization of C$2.93 million, a PE ratio of -0.75 and a beta of 1.14. The company’s fifty day simple moving average is C$0.02 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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