LexaGene (CVE:LXG) Trading Down 19.2% – Should You Sell?

LexaGene Holdings Inc. (CVE:LXGGet Free Report) was down 19.2% during mid-day trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.11. Approximately 2,135,375 shares changed hands during mid-day trading, an increase of 1,156% from the average daily volume of 170,061 shares. The stock had previously closed at C$0.13.

LexaGene Price Performance

The company has a market capitalization of C$14.77 million, a P/E ratio of -1.31 and a beta of 2.26. The company’s 50-day simple moving average is C$0.11 and its 200 day simple moving average is C$0.11. The company has a quick ratio of 1.13, a current ratio of 1.39 and a debt-to-equity ratio of 138.01.

About LexaGene

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LexaGene Holdings Inc, a biotechnology company, engages in the research, development, and commercialization of pathogen detection systems. It offers MiQLab, an automated pathogen detection system that aims to transform pathogen detection in veterinary diagnostics, human clinical diagnostics, food and water safety testing, and other life sciences markets.

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