Microbix Biosystems (TSE:MBX) Stock Passes Above 50-Day Moving Average – Here’s Why

Microbix Biosystems Inc. (TSE:MBXGet Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.25 and traded as high as C$0.27. Microbix Biosystems shares last traded at C$0.27, with a volume of 95,962 shares.

Microbix Biosystems Trading Up 1.9%

The company has a market cap of C$37.17 million, a PE ratio of -132.50 and a beta of 0.13. The company has a debt-to-equity ratio of 22.61, a quick ratio of 5.57 and a current ratio of 7.15. The company has a 50 day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.29.

Microbix Biosystems Company Profile

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Microbix develops proprietary biological technology solutions for human health and well-being, with about 90 skilled employees and sales growing from a base of over $1 million per month. It makes a wide range of critical biological materials for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products that support clinical lab proficiency testing, assay development and validation, or clinical lab workflows.

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