MYCELX Technologies (LON:MYX) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

MYCELX Technologies Co. (LON:MYX)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 51.35 ($0.65) and traded as low as GBX 36.90 ($0.47). MYCELX Technologies shares last traded at GBX 37.50 ($0.47), with a volume of 90,000 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 95 ($1.20) target price on shares of MYCELX Technologies in a report on Tuesday, September 24th.

MYCELX Technologies Stock Performance

The company has a market cap of £9.14 million, a PE ratio of -340.91 and a beta of 1.00. The company has a current ratio of 2.93, a quick ratio of 2.97 and a debt-to-equity ratio of 23.15. The business’s 50 day moving average is GBX 40.93 and its two-hundred day moving average is GBX 51.31.

Insiders Place Their Bets

In related news, insider André Schnabl acquired 48,836 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of GBX 51 ($0.64) per share, with a total value of £24,906.36 ($31,387.98). 19.26% of the stock is currently owned by company insiders.

About MYCELX Technologies

MYCELX Technologies Corporation, a clean water technology company, provides water treatment solutions to the oil and gas, power, marine, and heavy manufacturing sectors in the Middle East, the United States, Nigeria, Australia and internationally. The company offers oil removal solutions for upstream produced water to oil companies; and hydrocarbons removal services from downstream process wastewater that are used in petrochemical facilities and refineries.