NexOptic Technology (CVE:NXO) Shares Plummet 20% – Here's What Happened

NexOptic Technology Corp. (CVE:NXO) saw its share price decrease by 20% during trading on Friday. The stock hit a low of C$0.02 and was last recorded at that same price. The trading volume reached about 480,200 shares, marking a notable increase of 387% compared to the average daily volume of 98,644 shares. Just the previous day, NexOptic closed at C$0.03.

NexOptic Technology Stock Decline Analysis

The company's stock has a 50-day moving average at C$0.03 and a 200-day moving average set at C$0.02. With a market capitalization of C$3.90 million, NexOptic has a negative P/E ratio of -1.00 and a beta of 1.14. The firm’s financials show a debt-to-equity ratio of 56.33, and its current and quick ratios are notably low at 0.07 and 0.01, respectively.

About NexOptic Technology

NexOptic Technology Corp. is a tech company focused on developing advanced artificial intelligence and imaging products. Its flagship product offerings include the All Light Intelligent Imaging Solutions (ALIIS), designed to process raw images and videos in real-time, along with NexCompress technological solutions.

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