NexOptic Technology (CVE:NXO) Shares Down 20% – Here’s Why

The stock price of NexOptic Technology Corp. (CVE:NXO) fell by 20% during mid-day trading on Friday, with shares dipping to as low as C$0.02 before closing at the same price. This significant drop in value was accompanied by an unusual surge in trading volume, with approximately 480,200 shares exchanged, marking a 387% increase compared to the average daily volume of 98,644 shares. Previously, the stock had closed at C$0.03.

NexOptic Technology Stock Down 20.0%

NexOptic Technology currently maintains a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.02. The company's market capitalization stands at C$3.90 million, with a price-to-earnings (P/E) ratio of -1.00 and a beta of 1.14. Furthermore, the company shows a debt-to-equity ratio of 56.33, indicating a higher level of debt compared to equity. Its current ratio is reported at 0.07, and the quick ratio is at 0.01, suggesting liquidity challenges.

NexOptic Technology Company Profile

NexOptic Technology Corp. specializes in developing artificial intelligence and imaging technology products. The firm focuses on creating All Light Intelligent Imaging Solutions (ALIIS), a sophisticated suite designed for real-time processing of raw images and video. Additionally, NexOptic is involved in providing NexCompress technological solutions, further enhancing their offerings in the imaging market.

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