Oxus Acquisition (NASDAQ:OXUS) Stock Price Up 20.4% – Time to Buy?

Oxus Acquisition Corp. (NASDAQ:OXUSGet Free Report)’s stock price traded up 20.4% during trading on Thursday . The stock traded as high as $1.38 and last traded at $1.18. 1,172,875 shares were traded during mid-day trading, an increase of 2,957% from the average session volume of 38,372 shares. The stock had previously closed at $0.9799.

Oxus Acquisition Trading Up 20.4%

The firm’s 50-day simple moving average is $1.89 and its two-hundred day simple moving average is $2.70. The stock has a market capitalization of $7.74 million, a PE ratio of -5.62 and a beta of 0.01.

Oxus Acquisition Company Profile

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Oxus Acquisition Corp is a special-purpose acquisition company (SPAC) incorporated in the Cayman Islands and listed on the Nasdaq Stock Market under the ticker symbol OXUS. As a blank-check acquisition vehicle, the company was formed to raise capital through an initial public offering and to complete a business combination, merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction with one or more operating businesses.

Following its public listing, Oxus Acquisition has held its assets in a trust account while seeking a target company.

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