MYCELX Technologies (LON:MYX) Stock Crosses Below 200-Day Moving Average – Time to Sell?

MYCELX Technologies Co. (LON:MYX) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 30.68 ($0.42) and traded as low as GBX 27.10 ($0.37). MYCELX Technologies shares last traded at GBX 27.18 ($0.37), with a volume of 171,090 shares trading hands.

MYCELX Technologies Stock Performance

The stock’s 50-day moving average price is GBX 24.25 and its 200-day moving average price is GBX 30.68. The company has a market capitalization of £7.94 million, a price-to-earnings ratio of -2.20 and a beta of 1.00. The company has a debt-to-equity ratio of 23.15, a quick ratio of 2.97 and a current ratio of 2.93.

Insider Activity at MYCELX Technologies

In related news, insider Connie Mixon purchased 73,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average price of GBX 26 ($0.35) per share, with a total value of £19,110 ($25,897.82). 19.26% of the stock is currently owned by corporate 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.