MYCELX Technologies (LON:MYX) Stock Price Up 1% – Still a Buy?

MYCELX Technologies Co. (LON:MYX) rose 1% during mid-day trading on Friday . The company traded as high as GBX 37 ($0.46) and last traded at GBX 36.86 ($0.46). Approximately 109 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 29,025 shares. The stock had previously closed at GBX 36.50 ($0.46).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 95 ($1.19) target price on shares of MYCELX Technologies in a research report on Tuesday, September 24th.

MYCELX Technologies Stock Performance

The stock has a fifty day moving average price of GBX 38.19 and a 200-day moving average price of GBX 47.91. The company has a quick ratio of 2.97, a current ratio of 2.93 and a debt-to-equity ratio of 23.15. The firm has a market cap of £8.98 million, a price-to-earnings ratio of -335.09 and a beta of 1.00.

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.