NexOptic Technology (CVE:NXO) Shares Down 20% – Should You Sell?

Shares of NexOptic Technology Corp. (CVE:NXO) traded down 20% during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 101,270 shares traded hands during trading, an increase of 42% from the average session volume of 71,111 shares. The stock had previously closed at C$0.03.

NexOptic Technology Stock Performance

The company has a debt-to-equity ratio of 56.33, a current ratio of 0.07 and a quick ratio of 0.01. The business’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.02. The stock has a market cap of C$3.90 million, a price-to-earnings ratio of -1.00 and a beta of 1.14.

About NexOptic Technology

NexOptic Technology Corp., a technology company, develops artificial intelligence and imaging products. It engages in developing All Light Intelligent Imaging Solutions (ALIIS), a suite of intelligent imaging solution that processes raw images and video in real time; and NexCompress technological solutions.