Shares of Axion Ventures Inc (CVE:AXV) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.41 and last traded at C$0.41, with a volume of 13500 shares traded. The stock had previously closed at C$0.46.
Separately, Haywood Securities reduced their price target on Axion Ventures from C$1.60 to C$1.25 in a research report on Wednesday, August 7th.
The firm has a fifty day simple moving average of C$0.66 and a 200 day simple moving average of C$0.90. The company has a current ratio of 0.35, a quick ratio of 0.34 and a debt-to-equity ratio of 12,860.00. The stock has a market cap of $132.32 million and a price-to-earnings ratio of -8.48.
Axion Ventures Inc primarily develops and publishes online games for various platforms, consoles, PCs, and mobiles in China and internationally. The company also develops display technology based on eyewear and contact lenses; and HotNow, a marketing automation platform for retailers to offer various promotions.
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