Microbix Biosystems (TSE:MBX) Shares Cross Above Fifty Day Moving Average – What’s Next?

Microbix Biosystems Inc. (TSE:MBXGet Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.37 and traded as high as C$0.44. Microbix Biosystems shares last traded at C$0.43, with a volume of 358,656 shares traded.

Microbix Biosystems Price Performance

The stock has a market cap of C$71.08 million, a price-to-earnings ratio of 13.00 and a beta of 0.34. The company’s 50-day moving average is C$0.37 and its 200-day moving average is C$0.35. The company has a quick ratio of 5.57, a current ratio of 6.62 and a debt-to-equity ratio of 22.68.

Microbix Biosystems Company Profile

(Get Free Report)

Microbix Biosystems Inc, a life science company, develops and commercializes proprietary biological and technological solutions for human health and wellbeing in North America, Europe, and internationally. The company manufactures diagnostic-test products, such as test-controls under the QAPs brand; viral transport medium for collection of patient samples to test for pathogens including virus causing the COVID-19 disease under the DxTM brand; Kinlytic, a biologic thrombolytic drug used to treat blood clots; and antigen products.

Further Reading

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