Pax Global Tech (OTCMKTS:PXGYF) Trading Down 7.3% - Here's What Happened

Key Points

• Pax Global Tech's share price fell by 7.3% on Monday, closing at $0.70 after trading as low as $0.70.
• Trading volume increased significantly, with approximately 16,872 shares traded, marking an 827% increase from the average daily volume.
• The company's financial metrics include a quick ratio of 4.73, a current ratio of 5.89, and a low debt-to-equity ratio of 0.01, indicating strong liquidity

Pax Global Tech (OTCMKTS:PXGYF - )'s share price dropped 7.3% during trading on Monday . The company traded as low as $0.70 and last traded at $0.70. Approximately 16,872 shares were traded during mid-day trading, an increase of 827% from the average daily volume of 1,820 shares. The stock had previously closed at $0.76.

Pax Global Tech Price Performance

The business has a 50 day simple moving average of $0.80 and a 200 day simple moving average of $0.71. The company has a quick ratio of 4.73, a current ratio of 5.89 and a debt-to-equity ratio of 0.01.

About Pax Global Tech

PAX Global Technology Limited, an investment holding company, develops and sells electronic funds transfer point-of-sale products in Hong Kong, the People's Republic of China, the United States, and Italy. Its E-payment terminal products include smart E-payment solutions; and android smartPOS, android smart tablet, unattended payment products, PINpad, and Minipigs and mPOS.

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