Cannabix Technologies (OTCMKTS:BLOZF) Shares Down 0.4% – Here’s Why

Cannabix Technologies Inc. (OTCMKTS:BLOZF) was down 0.4% during mid-day trading on Tuesday . The company traded as low as $0.34 and last traded at $0.34. Approximately 52,654 shares were traded during trading, an increase of 4% from the average daily volume of 50,704 shares. The stock had previously closed at $0.3414.

Cannabix Technologies Stock Down 1.0%

The company has a market cap of $41.77 million, a price-to-earnings ratio of -17.00 and a beta of 1.01. The stock’s 50-day simple moving average is $0.38 and its 200 day simple moving average is $0.44.

Cannabix Technologies (OTCMKTS:BLOZF) last posted its earnings results on Friday, August 28th. The company reported ($0.01) earnings per share for the quarter.

About Cannabix Technologies

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.