NexOptic Technology (CVE:NXO) Shares Down 20% – Here’s Why

NexOptic Technology Corp. (CVE:NXO)’s share price dropped 20% during mid-day trading on Saturday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 480,200 shares traded hands during mid-day trading, an increase of 387% from the average daily volume of 98,644 shares. The stock had previously closed at C$0.03.

NexOptic Technology Stock Down 20.0 %

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’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.02. The firm has a market cap of C$3.90 million, a P/E ratio of -1.00 and a beta of 1.14.

NexOptic Technology Company Profile

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.