Microbix Biosystems (TSE:MBX) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Microbix Biosystems Inc. (TSE:MBXGet Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.37 and traded as high as C$0.44. Microbix Biosystems shares last traded at C$0.43, with a volume of 358,656 shares traded.

Microbix Biosystems Stock Performance

The company’s 50 day simple moving average is C$0.37 and its 200 day simple moving average is C$0.35. The stock has a market cap of C$58.78 million, a PE ratio of 10.75 and a beta of 0.34. The company has a debt-to-equity ratio of 22.68, a quick ratio of 5.57 and a current ratio of 6.62.

Microbix Biosystems Company Profile

(Get Free Report)

Microbix Biosystems Inc, a life science company, develops and commercializes proprietary biological and technological solutions for human health and wellbeing in North America, Europe, and internationally. The company manufactures diagnostic-test products, such as test-controls under the QAPs brand; viral transport medium for collection of patient samples to test for pathogens including virus causing the COVID-19 disease under the DxTM brand; Kinlytic, a biologic thrombolytic drug used to treat blood clots; and antigen products.

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