MYCELX Technologies (LON:MYX) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of MYCELX Technologies Co. (LON:MYX) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 51.35 ($0.65) and traded as low as GBX 36.90 ($0.47). MYCELX Technologies shares last traded at GBX 37.50 ($0.47), with a volume of 90,000 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 95 ($1.20) price target on shares of MYCELX Technologies in a research report on Tuesday, September 24th.

MYCELX Technologies Stock Up 4.2 %

The business’s 50-day simple moving average is GBX 40.93 and its 200 day simple moving average is GBX 51.35. The firm has a market cap of £9.14 million, a PE ratio of -340.91 and a beta of 1.00. The company has a current ratio of 2.93, a quick ratio of 2.97 and a debt-to-equity ratio of 23.15.

Insider Buying and Selling

In related news, insider André Schnabl bought 48,836 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of GBX 51 ($0.64) per share, with a total value of £24,906.36 ($31,387.98). 19.26% of the stock is currently owned by insiders.

MYCELX Technologies Company Profile

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.