MYCELX Technologies (LON:MYX) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of MYCELX Technologies Co. (LON:MYX) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 46.21 ($0.57) and traded as low as GBX 36.50 ($0.45). MYCELX Technologies shares last traded at GBX 36.86 ($0.46), with a volume of 109 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 95 ($1.18) target price on shares of MYCELX Technologies in a research note on Tuesday, September 24th.

MYCELX Technologies Price Performance

The firm has a market capitalization of £8.89 million, a PE ratio of -331.82 and a beta of 1.00. The company has a quick ratio of 2.97, a current ratio of 2.93 and a debt-to-equity ratio of 23.15. The business has a 50-day moving average price of GBX 37.59 and a 200-day moving average price of GBX 46.04.

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.