LexaGene (CVE:LXG) Stock Price Down 19.2% – Here’s What Happened

LexaGene Holdings Inc. (CVE:LXGGet Free Report) shares traded down 19.2% during trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. 2,135,377 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 Trading Down 19.2 %

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 business’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.11. The company has a market capitalization of C$14.77 million, a price-to-earnings ratio of -1.31 and a beta of 2.26.

About LexaGene

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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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