Oxus Acquisition (NASDAQ:OXUS) Stock Price Down 3.5% – Time to Sell?

Oxus Acquisition Corp. (NASDAQ:OXUSGet Free Report)’s stock price was down 3.5% during mid-day trading on Tuesday . The company traded as low as $0.8051 and last traded at $0.8878. Approximately 11,720 shares were traded during trading, a decline of 69% from the average daily volume of 38,372 shares. The stock had previously closed at $0.92.

Oxus Acquisition Price Performance

The firm has a market cap of $5.83 million, a PE ratio of -4.23 and a beta of 0.01. The company’s 50 day moving average price is $1.15 and its 200 day moving average price is $1.26.

Oxus Acquisition Company Profile

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Oxus Acquisition Corp is a special-purpose acquisition company (SPAC) incorporated in the Cayman Islands and listed on the Nasdaq Stock Market under the ticker symbol OXUS. As a blank-check acquisition vehicle, the company was formed to raise capital through an initial public offering and to complete a business combination, merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction with one or more operating businesses.

Following its public listing, Oxus Acquisition has held its assets in a trust account while seeking a target company.

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