Cannabix Technologies (OTCMKTS:BLOZF) Stock Price Down 4.6% – Here’s Why

Cannabix Technologies Inc. (OTCMKTS:BLOZF) shares were down 4.6% during mid-day trading on Thursday . The stock traded as low as $0.3875 and last traded at $0.39. Approximately 64,356 shares changed hands during trading, a decline of 1% from the average daily volume of 64,879 shares. The stock had previously closed at $0.4088.

Cannabix Technologies Stock Performance

The business’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $0.41. The stock has a market capitalization of $47.22 million, a price-to-earnings ratio of -19.50 and a beta of 1.04.

Cannabix Technologies (OTCMKTS:BLOZF) last released its quarterly earnings results on Tuesday, December 30th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.09 million during the quarter.

Cannabix Technologies Company Profile

Cannabix Technologies Inc is a Canada-based developer of bio­sensor technologies focused on the rapid, non-invasive detection of cannabis impairment. The company’s flagship product is a handheld breathalyzer device designed to identify recent use of tetrahydrocannabinol (THC) within minutes of exhalation, offering law enforcement agencies, public safety organizations and workplace safety departments a potential tool to assess impairment in real time.

The Cannabix breathalyzer employs proprietary sensor arrays and on-board algorithms to distinguish THC molecules in breath samples, delivering results without the need for laboratory analysis.