MYCELX Technologies (LON:MYX) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of MYCELX Technologies Co. (LON:MYX) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 43.91 ($0.54) and traded as low as GBX 34 ($0.42). MYCELX Technologies shares last traded at GBX 34 ($0.42), with a volume of 12,200 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 95 ($1.17) price target on shares of MYCELX Technologies in a report on Tuesday, September 24th.

MYCELX Technologies Trading Down 0.6 %

The company has a quick ratio of 2.97, a current ratio of 2.93 and a debt-to-equity ratio of 23.15. The firm’s 50-day simple moving average is GBX 36.61 and its 200 day simple moving average is GBX 43.91. The stock has a market capitalization of £8.28 million, a P/E ratio of -309.09 and a beta of 1.00.

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.