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

LexaGene Holdings Inc. (CVE:LXGGet Free Report) fell 19.2% during trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.11. 2,135,375 shares changed hands 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 quick ratio of 1.13, a current ratio of 1.39 and a debt-to-equity ratio of 138.01. 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. The company has a 50 day simple moving average of C$0.11 and a 200 day simple moving average of C$0.11.

LexaGene Company Profile

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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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