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

NexOptic Technology Corp. (CVE:NXOGet Free Report)’s share price dropped 20% during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. 108,652 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 78,217 shares. The stock had previously closed at C$0.03.

NexOptic Technology Price Performance

The stock has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.02. The firm has a market capitalization of C$4.88 million, a price-to-earnings ratio of -1.25 and a beta of 1.14. The company has a current ratio of 0.07, a quick ratio of 0.01 and a debt-to-equity ratio of 56.33.

About NexOptic Technology

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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.

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