MYCELX Technologies (LON:MYX) Shares Down 12.2% – Here’s What Happened

MYCELX Technologies Co. (LON:MYX)’s share price fell 12.2% during trading on Tuesday . The stock traded as low as GBX 41.40 and last traded at GBX 43. 188,595 shares changed hands during trading, an increase of 643% from the average daily volume of 25,396 shares. The stock had previously closed at GBX 49.

MYCELX Technologies Stock Performance

The company has a debt-to-equity ratio of 22.28, a current ratio of 2.45 and a quick ratio of 2.97. The company has a 50 day simple moving average of GBX 60.05 and a 200-day simple moving average of GBX 51.53. The firm has a market cap of £10.48 million, a PE ratio of 43.00 and a beta of 1.25.

About MYCELX Technologies

MYCELX Technologies Corporation, a clean water technology company, provides water treatment solutions to the oil and gas, power, marine, and heavy manufacturing sectors in the Middle East, the United States, Nigeria, Australia and internationally. The company offers oil removal solutions for upstream produced water to oil companies; and hydrocarbons removal services from downstream process wastewater that are used in petrochemical facilities and refineries. It also sells or leases its equipment; and sells consumable filtration media.