Shares of Cannabix Technologies Inc. (OTCMKTS:BLOZF – Get Free Report) dropped 3.3% during mid-day trading on Friday . The stock traded as low as $0.3619 and last traded at $0.3620. 38,494 shares changed hands during trading, a decline of 39% from the average session volume of 62,700 shares. The stock had previously closed at $0.3745.
Cannabix Technologies Trading Down 3.3%
The stock has a market capitalization of $44.47 million, a PE ratio of -18.10 and a beta of 1.01. The business has a fifty day moving average price of $0.42 and a 200-day moving average price of $0.46.
Cannabix Technologies Company Profile
Cannabix Technologies Inc is a Canada-based developer of biosensor technologies focused on the rapid, non-invasive detection of cannabis impairment. The company’s flagship product is a handheld breathalyzer device designed to identify recent use of tetrahydrocannabinol (THC) within minutes of exhalation, offering law enforcement agencies, public safety organizations and workplace safety departments a potential tool to assess impairment in real time.
The Cannabix breathalyzer employs proprietary sensor arrays and on-board algorithms to distinguish THC molecules in breath samples, delivering results without the need for laboratory analysis.
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