NEXE Innovations (CVE:NEXE) Shares Up 17.2% – Here’s Why

NEXE Innovations Inc. (CVE:NEXEGet Free Report)’s stock price shot up 17.2% during trading on Wednesday . The company traded as high as C$0.17 and last traded at C$0.17. 164,924 shares changed hands during mid-day trading, an increase of 130% from the average session volume of 71,834 shares. The stock had previously closed at C$0.15.

NEXE Innovations Stock Performance

The firm has a market cap of C$16.54 million, a P/E ratio of -5.67 and a beta of 3.08. The company has a debt-to-equity ratio of 1.39, a quick ratio of 11.36 and a current ratio of 6.13. The business’s 50-day simple moving average is C$0.19 and its 200 day simple moving average is C$0.20.

NEXE Innovations Company Profile

(Get Free Report)

NEXE Innovations Inc engages in the manufacture and sale of plant-based single-serve coffee pods for use in single-serve coffee machines in Canada. The company was founded in 2015 and is headquartered in Surrey, Canada.

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