Oxus Acquisition (NASDAQ:OXUS) Trading Down 23.2% – Here’s What Happened

Oxus Acquisition Corp. (NASDAQ:OXUSGet Free Report) dropped 23.2% during mid-day trading on Thursday . The company traded as low as $0.60 and last traded at $0.6530. Approximately 97,424 shares were traded during mid-day trading, an increase of 154% from the average daily volume of 38,372 shares. The stock had previously closed at $0.8508.

Oxus Acquisition Price Performance

The business has a 50 day simple moving average of $1.44 and a 200 day simple moving average of $2.44. The company has a market capitalization of $4.28 million, a price-to-earnings ratio of -3.11 and a beta of 0.01.

About Oxus Acquisition

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Oxus Acquisition Corp is a special-purpose acquisition company (SPAC) incorporated in the Cayman Islands and listed on the Nasdaq Stock Market under the ticker symbol OXUS. As a blank-check acquisition vehicle, the company was formed to raise capital through an initial public offering and to complete a business combination, merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction with one or more operating businesses.

Following its public listing, Oxus Acquisition has held its assets in a trust account while seeking a target company.

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