NexOptic Technology (CVE:NXO) Stock Price Down 20% – Here’s What Happened

NexOptic Technology Corp. (CVE:NXO) shares dropped 20% during mid-day trading on Saturday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 480,200 shares were traded during trading, an increase of 387% from the average daily volume of 98,644 shares. The stock had previously closed at C$0.03.

NexOptic Technology Stock Performance

The firm’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.02. The firm has a market capitalization of C$3.90 million, a price-to-earnings ratio of -1.00 and a beta of 1.14. The company has a debt-to-equity ratio of 56.33, a quick ratio of 0.01 and a current ratio of 0.07.

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.