MYCELX Technologies (LON:MYX) Trading Down 0.8%

Shares of MYCELX Technologies Co. (LON:MYX) traded down 0.8% during trading on Tuesday . The stock traded as low as GBX 58 ($0.73) and last traded at GBX 60.50 ($0.77). 9,000 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 24,179 shares. The stock had previously closed at GBX 61 ($0.77).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 95 ($1.20) target price on shares of MYCELX Technologies in a research report on Thursday, May 16th.

MYCELX Technologies Price Performance

The company has a quick ratio of 2.97, a current ratio of 2.36 and a debt-to-equity ratio of 12.42. The company’s 50-day simple moving average is GBX 58.95 and its 200 day simple moving average is GBX 55.42. The company has a market capitalization of £13.90 million, a P/E ratio of -465.38 and a beta of 0.92.

Insider Buying and Selling

In other news, insider André Schnabl acquired 71,598 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average cost of GBX 54 ($0.68) per share, with a total value of £38,662.92 ($48,903.26). In related news, insider Connie Mixon bought 49,300 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was purchased at an average cost of GBX 51 ($0.65) per share, for a total transaction of £25,143 ($31,802.43). Also, insider André Schnabl bought 71,598 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of GBX 54 ($0.68) per share, with a total value of £38,662.92 ($48,903.26). 21.25% of the stock is 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.