NEXE Innovations (CVE:NEXE) Trading 6% Higher – Still a Buy?

NEXE Innovations Inc. (CVE:NEXEGet Free Report) shares rose 6% on Wednesday . The company traded as high as C$0.36 and last traded at C$0.36. Approximately 193,150 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 134,361 shares. The stock had previously closed at C$0.34.

NEXE Innovations Trading Up 1.4 %

The stock’s 50 day simple moving average is C$0.38 and its 200 day simple moving average is C$0.35. The firm has a market cap of C$36.48 million, a PE ratio of -5.36 and a beta of 2.11. The company has a debt-to-equity ratio of 1.98, a quick ratio of 11.36 and a current ratio of 5.90.

About NEXE Innovations

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NEXE Innovations Inc engages in the manufacture and sale of plant-based single-serve coffee pods for use in single-serve coffee machines in Canada. The company was founded in 2015 and is headquartered in Surrey, Canada.

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