Microbix Biosystems (TSE:MBX) Reaches New 1-Year High – Here’s Why

Microbix Biosystems Inc. (TSE:MBX) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$0.54 and last traded at C$0.54, with a volume of 337873 shares traded. The stock had previously closed at C$0.48.

Microbix Biosystems Price Performance

The stock has a market capitalization of C$72.44 million, a price-to-earnings ratio of 20.95 and a beta of 0.34. The company has a fifty day simple moving average of C$0.43 and a 200 day simple moving average of C$0.37. The company has a debt-to-equity ratio of 22.61, a quick ratio of 5.57 and a current ratio of 7.15.

Insiders Place Their Bets

In other news, Director Cameron Lionel Groome sold 200,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of C$0.43, for a total value of C$86,500.00. Also, Director Bo Hollas sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of C$0.49, for a total value of C$73,500.00. In the last three months, insiders have sold 400,000 shares of company stock valued at $181,000. 14.00% of the stock is currently owned by company insiders.

About Microbix Biosystems

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.