NexOptic Technology (CVE:NXO) Trading Down 20% – Should You Sell?

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

NexOptic Technology Stock Down 20.0 %

The company has a debt-to-equity ratio of 56.33, a current ratio of 0.07 and a quick ratio of 0.01. The stock has a market capitalization of C$3.90 million, a P/E ratio of -1.00 and a beta of 1.14. The stock’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.02.

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.