NexOptic Technology (CVE:NXO) Shares Down 20% – What’s Next?

NexOptic Technology Corp. (CVE:NXOGet Free Report) fell 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 274,200 shares traded hands during mid-day trading, an increase of 257% from the average session volume of 76,828 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 company has a market capitalization of C$4.88 million, a price-to-earnings ratio of -1.25 and a beta of 1.14. The business’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.02.

About NexOptic Technology

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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.

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