Canaccord Genuity Group Reaffirms Speculative Buy Rating for MYCELX Technologies (LON:MYX)

Canaccord Genuity Group reissued their speculative buy rating on shares of MYCELX Technologies (LON:MYX) in a research report released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 95 ($1.27) price objective on the stock.

MYCELX Technologies Stock Performance

Shares of MYCELX Technologies stock opened at GBX 38.50 ($0.52) on Tuesday. MYCELX Technologies has a 52-week low of GBX 36.25 ($0.49) and a 52-week high of GBX 69.50 ($0.93). The stock’s 50-day simple moving average is GBX 51.49 and its 200 day simple moving average is GBX 54.36. The stock has a market capitalization of £9.38 million, a P/E ratio of -320.83 and a beta of 1.00. The company has a debt-to-equity ratio of 12.42, a quick ratio of 2.97 and a current ratio of 2.36.

Insider Activity at MYCELX Technologies

In related news, insider André Schnabl purchased 48,836 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of GBX 51 ($0.68) per share, for a total transaction of £24,906.36 ($33,350.78). 19.26% of the stock is currently owned by company insiders.

About MYCELX Technologies

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.