MYCELX Technologies (LON:MYX) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

MYCELX Technologies Co. (LON:MYX) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 43.91 ($0.54) and traded as low as GBX 34 ($0.42). MYCELX Technologies shares last traded at GBX 34 ($0.42), with a volume of 12,200 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 95 ($1.17) target price on shares of MYCELX Technologies in a research note on Tuesday, September 24th.

MYCELX Technologies Trading Up 0.9 %

The company has a market cap of £8.48 million, a price-to-earnings ratio of -316.36 and a beta of 1.00. The company has a debt-to-equity ratio of 23.15, a current ratio of 2.93 and a quick ratio of 2.97. The business has a 50 day simple moving average of GBX 36.58 and a 200 day simple moving average of GBX 43.73.

MYCELX Technologies Company Profile

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.