Visionstate (CVE:VIS) Stock Price Down 20% – Here’s Why

Visionstate Corp. (CVE:VIS) shares dropped 20% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 1,257,250 shares traded hands during trading, an increase of 78% from the average daily volume of 705,775 shares. The stock had previously closed at C$0.03.

Visionstate Price Performance

The firm has a fifty day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The stock has a market capitalization of C$5.17 million, a P/E ratio of -4.00 and a beta of -0.54. The company has a debt-to-equity ratio of 86.71, a current ratio of 0.76 and a quick ratio of 0.17.

Visionstate Company Profile

Visionstate Corp., through its subsidiaries, engages in the research and development of technology in the realm of the Internet of Things, big data and analytics, and sustainability. It offers WandaNEXT, a wall-mounted, antimicrobial, wireless touchscreen tablet that empowers patrons to immediately notify cleaning staff of specific restroom needs and Wanda Mobile, an analytic and diagnostic tool to monitor and audit the effectiveness of supply management, response times, and protocols. The company serves building service, medical, entertainment, travel, and retail industries.