Oxus Acquisition (NASDAQ:OXUS) Stock Price Down 2.9% – Here’s Why

Oxus Acquisition Corp. (NASDAQ:OXUSGet Free Report)’s stock price traded down 2.9% during mid-day trading on Friday . The company traded as low as $2.52 and last traded at $2.62. 7,179 shares traded hands during trading, a decline of 81% from the average session volume of 38,372 shares. The stock had previously closed at $2.69.

Oxus Acquisition Trading Down 2.9%

The company has a market cap of $17.16 million, a PE ratio of -12.45 and a beta of 0.01. The business has a fifty day moving average of $2.85 and a 200-day moving average of $4.26.

Oxus Acquisition Company Profile

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Oxus Acquisition Corp. does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company intends to focus its search on targets in the energy transition technologies, such as battery materials, energy storage, electric vehicle infrastructure, and advanced recycling in emerging/frontier countries, including the Commonwealth of Independent States, South and South-East Asia, the Middle East, and North Africa regions.

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