Oxus Acquisition (NASDAQ:OXUS) Shares Up 11.3% – Here’s What Happened

Shares of Oxus Acquisition Corp. (NASDAQ:OXUS) traded up 11.3% during mid-day trading on Tuesday . The stock traded as high as $1.20 and last traded at $1.18. Approximately 47,083 shares traded hands during trading, an increase of 23% from the average session volume of 38,372 shares. The stock had previously closed at $1.06.

Oxus Acquisition Stock Up 11.3%

The stock has a market capitalization of $7.74 million, a P/E ratio of -5.62 and a beta of 0.01. The company has a 50 day moving average of $1.08 and a 200-day moving average of $1.29.

About Oxus Acquisition

Oxus Acquisition Corp is a special-purpose acquisition company (SPAC) incorporated in the Cayman Islands and listed on the Nasdaq Stock Market under the ticker symbol OXUS. As a blank-check acquisition vehicle, the company was formed to raise capital through an initial public offering and to complete a business combination, merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction with one or more operating businesses.

Following its public listing, Oxus Acquisition has held its assets in a trust account while seeking a target company.