LexaGene (CVE:LXG) Shares Down 19.2% – Here’s What Happened

LexaGene Holdings Inc. (CVE:LXGGet Free Report)’s share price fell 19.2% on Thursday . The company traded as low as C$0.10 and last traded at C$0.11. 2,135,375 shares were traded during trading, an increase of 1,156% from the average session volume of 170,061 shares. The stock had previously closed at C$0.13.

LexaGene Stock Performance

The company has a debt-to-equity ratio of 138.01, a quick ratio of 1.13 and a current ratio of 1.39. The stock’s 50-day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.11. The stock has a market cap of C$14.77 million, a price-to-earnings ratio of -1.31 and a beta of 2.26.

About LexaGene

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LexaGene Holdings Inc, a biotechnology company, engages in the research, development, and commercialization of pathogen detection systems. It offers MiQLab, an automated pathogen detection system that aims to transform pathogen detection in veterinary diagnostics, human clinical diagnostics, food and water safety testing, and other life sciences markets.

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