Cannabix Technologies (OTCMKTS:BLOZF) Stock Price Down 4.6% – Here’s What Happened

Cannabix Technologies Inc. (OTCMKTS:BLOZF)’s share price traded down 4.6% on Thursday . The company traded as low as $0.3875 and last traded at $0.39. 64,356 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 64,879 shares. The stock had previously closed at $0.4088.

Cannabix Technologies Stock Performance

The business has a fifty day simple moving average of $0.43 and a 200 day simple moving average of $0.41. The company has a market cap of $45.53 million, a P/E ratio of -18.81 and a beta of 1.04.

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 business 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.