Memex (OEE) Stock Price Down 11.1%
Memex Inc (CVE:OEE) shares dropped 11.1% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 100,625 shares changed hands during trading, a decline of 72% from the average daily volume of 353,704 shares. The stock had previously closed at C$0.05.
The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 624.11. The firm has a market cap of $6.04 million and a price-to-earnings ratio of -3.75.
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Memex Inc develops, commercializes, and manufactures a suite of products for the discrete manufacturing and aerospace sectors in Canada, the United States, and internationally. The company primarily offers MERLIN, a software-driven industrial Internet of Things communications platform that provides manufacturing analytics in real time comprising overall equipment effectiveness.
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