NEXE Innovations Inc. (CVE:NEXE)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.94 and traded as low as C$0.77. NEXE Innovations shares last traded at C$0.79, with a volume of 158,055 shares.
Separately, Fundamental Research set a C$2.56 target price on shares of NEXE Innovations and gave the company a “buy” rating in a report on Tuesday, June 15th.
The company has a fifty day moving average price of C$0.93.
NEXE Innovations Inc designs, develops, manufactures, and sells plant-based single-serve coffee pods for use in single-serve coffee machines. The company was founded in 2015 and is headquartered in Vancouver, Canada.
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