Visionstate (CVE:VIS) Stock Price Down 20% – Here’s Why

Visionstate Corp. (CVE:VIS)’s share price dropped 20% during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 1,257,250 shares were traded during trading, an increase of 78% from the average daily volume of 705,775 shares. The stock had previously closed at C$0.03.

Visionstate Stock Performance

The company has a debt-to-equity ratio of 86.71, a quick ratio of 0.17 and a current ratio of 0.76. The company has a market capitalization of C$5.17 million, a price-to-earnings ratio of -4.00 and a beta of -0.54. The firm has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02.

Visionstate Company Profile

Visionstate Corp., through its subsidiaries, engages in the research and development of technology in the realm of the Internet of Things, big data and analytics, and sustainability. It offers WandaNEXT, a wall-mounted, antimicrobial, wireless touchscreen tablet that empowers patrons to immediately notify cleaning staff of specific restroom needs and Wanda Mobile, an analytic and diagnostic tool to monitor and audit the effectiveness of supply management, response times, and protocols. The company serves building service, medical, entertainment, travel, and retail industries.