Cannabix Technologies (OTCMKTS:BLOZF) Shares Down 7% – Here’s Why

Cannabix Technologies Inc. (OTCMKTS:BLOZF)’s stock price dropped 7% during mid-day trading on Thursday . The stock traded as low as $0.5469 and last traded at $0.5507. Approximately 134,192 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 256,790 shares. The stock had previously closed at $0.5919.

Cannabix Technologies Price Performance

The stock has a market cap of $68.40 million, a price-to-earnings ratio of -27.93 and a beta of 1.04. The firm has a 50 day simple moving average of $0.44 and a two-hundred day simple moving average of $0.41.

Cannabix Technologies (OTCMKTS:BLOZF) last issued its quarterly earnings results on Tuesday, December 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $0.09 million during the quarter.

About Cannabix Technologies

Cannabix Technologies Inc is a Canada-based developer of bio­sensor technologies focused on the rapid, non-invasive detection of cannabis impairment. The company’s flagship product is a handheld breathalyzer device designed to identify recent use of tetrahydrocannabinol (THC) within minutes of exhalation, offering law enforcement agencies, public safety organizations and workplace safety departments a potential tool to assess impairment in real time.

The Cannabix breathalyzer employs proprietary sensor arrays and on-board algorithms to distinguish THC molecules in breath samples, delivering results without the need for laboratory analysis.