MYCELX Technologies (LON:MYX) Stock Price Down 10.5%

MYCELX Technologies Co. (LON:MYX) shares dropped 10.5% on Monday . The stock traded as low as GBX 36.25 ($0.49) and last traded at GBX 42.50 ($0.57). Approximately 151,545 shares were traded during mid-day trading, an increase of 505% from the average daily volume of 25,051 shares. The stock had previously closed at GBX 47.50 ($0.64).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 95 ($1.27) target price on shares of MYCELX Technologies in a research report on Tuesday.

MYCELX Technologies Trading Up 2.9 %

The stock has a market capitalization of £9.53 million, a price-to-earnings ratio of -316.67 and a beta of 1.00. The company’s 50 day moving average is GBX 52.45 and its 200 day moving average is GBX 54.66. 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 bought 48,836 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of GBX 51 ($0.68) per share, for a total transaction of £24,906.36 ($33,350.78). Corporate insiders own 19.26% of the company’s stock.

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.