MYCELX Technologies (LON:MYX) Stock Falls 17.2% – Time to Sell?

MYCELX Technologies Co. (LON:MYX) traded down 17.2% during 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 daily volume of 26,810 shares. The stock had previously closed at GBX 58.

MYCELX Technologies Stock Performance

The company has a market cap of £11.33 million, a P/E ratio of 15.50 and a beta of 1.25. 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 firm’s 50-day moving average price is GBX 51.96 and its 200-day moving average price is GBX 54.02.

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.