MedX Health (CVE:MDX) Shares Down 20% – Time to Sell?

MedX Health Corp (CVE:MDXGet Free Report) dropped 20% during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 340,400 shares were traded during mid-day trading, an increase of 305% from the average daily volume of 83,978 shares. The stock had previously closed at C$0.05.

MedX Health Price Performance

The business has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.06. The firm has a market capitalization of C$16.40 million, a price-to-earnings ratio of -5.00 and a beta of 0.47.

About MedX Health

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MedX Health Corp develops, manufactures, and markets skin related screening tools and phototherapy devices for pain relief and tissue repair in Canada, the United States, and internationally. The company offers SIAscopy, a medical device technology used to scan skin for suspicious moles and lesions; and phototherapeutic medical devices, which use light energy in lower-level laser and LED to provide treatment for pain and tissue damage in the rehabilitation market. It operates DermSecure telemedicine platform that enables the web-based operation of its SIAscopy scanning technology and allows the company to deploy its technology in networks of third-party locations from which patients' mole and lesion images along with other relevant patient information can be connected to specialist physicians for remote assessment.

Further Reading

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