MYCELX Technologies (LON:MYX) Share Price Crosses Above 200-Day Moving Average of $55.13

MYCELX Technologies Co. (LON:MYX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 55.13 ($0.69) and traded as high as GBX 56.60 ($0.71). MYCELX Technologies shares last traded at GBX 55.50 ($0.70), with a volume of 31,037 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 95 ($1.19) price target on shares of MYCELX Technologies in a research note on Friday, February 23rd.

MYCELX Technologies Stock Performance

The company has a market capitalization of £12.75 million, a PE ratio of -555.00 and a beta of 0.95. The company has a debt-to-equity ratio of 11.29, a current ratio of 3.55 and a quick ratio of 2.97. The company’s fifty day moving average is GBX 50.63 and its 200-day moving average is GBX 55.04.

Insider Transactions at MYCELX Technologies

In related news, insider Connie Mixon acquired 49,300 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average price of GBX 51 ($0.64) per share, with a total value of £25,143 ($31,582.72). In other news, insider Tom Lamb bought 6,000 shares of MYCELX Technologies stock in a transaction on Wednesday, March 20th. The stock was acquired at an average cost of GBX 49 ($0.62) per share, for a total transaction of £2,940 ($3,693.00). Also, insider Connie Mixon bought 49,300 shares of MYCELX Technologies stock in a transaction on Friday, April 5th. The stock was purchased at an average price of GBX 51 ($0.64) per share, with a total value of £25,143 ($31,582.72). In the last three months, insiders purchased 57,300 shares of company stock valued at $2,908,300. Corporate insiders own 20.94% of the company’s stock.

MYCELX Technologies Company Profile

MYCELX Technologies Corporation, a clean water technology company, provides water treatment solutions to the oil and gas, power, marine, and heavy manufacturing sectors in the Middle East, the United States, Nigeria, Australia and internationally. The company offers oil removal solutions for upstream produced water to oil companies; and hydrocarbons removal services from downstream process wastewater that are used in petrochemical facilities and refineries.