LexaGene (CVE:LXG) Shares Down 19.2% – Time to Sell?

Shares of LexaGene Holdings Inc. (CVE:LXGGet Free Report) dropped 19.2% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 2,135,377 shares traded hands during mid-day trading, an increase of 1,156% from the average daily volume of 170,061 shares. The stock had previously closed at C$0.13.

LexaGene Price Performance

The company has a debt-to-equity ratio of 138.01, a quick ratio of 1.13 and a current ratio of 1.39. The stock’s 50-day moving average is C$0.11 and its two-hundred day moving average is C$0.11. The stock has a market cap of C$14.77 million, a PE ratio of -1.31 and a beta of 2.26.

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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