MYCELX Technologies (LON:MYX) Stock Rating Reaffirmed by Canaccord Genuity Group

MYCELX Technologies (LON:MYX – Get Rating)‘s stock had its “speculative buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued on Friday, Marketbeat reports. They currently have a GBX 95 ($1.19) price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 187.88% from the company’s current price.

MYCELX Technologies Stock Performance

Shares of MYX stock opened at GBX 33 ($0.41) on Friday. The firm has a market capitalization of £7.58 million, a P/E ratio of -183.33 and a beta of 0.89. MYCELX Technologies has a twelve month low of GBX 19 ($0.24) and a twelve month high of GBX 52.50 ($0.66). The company has a quick ratio of 2.97, a current ratio of 6.50 and a debt-to-equity ratio of 11.51. The stock’s fifty day simple moving average is GBX 33.62 and its 200 day simple moving average is GBX 30.31.

MYCELX Technologies Company Profile

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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.