Datametrex AI (CVE:DM) Sees 50% Decline in Trading - Reasons Explained

Datametrex AI Limited (CVE:DM) experienced a significant decline in its stock price, dropping by 50% during mid-day trading on Saturday. The stock hit a low of C$0.01 before closing at the same price. In total, 3,344,000 shares were traded, which marks an increase of 271% compared to the average daily volume of 902,478 shares. Previously, the stock had also closed at C$0.01.

Current Market Performance

The recent downturn has left Datametrex with a market capitalization of C$3.02 million. It currently reports a negative price-to-earnings (P/E) ratio of -0.07 and holds a beta of 2.59, indicating higher volatility compared to the market. Analysis of moving averages shows a consistent trend, with both the 50-day and 200-day simple moving averages standing at C$0.01. Financial ratios reveal a current ratio of 0.40, a quick ratio of 2.44, and a staggering debt-to-equity ratio of 554.49.

Overview of Datametrex AI Limited

Datametrex AI Limited is actively involved in the collection, analysis, and presentation of structured and unstructured data, leveraging machine learning and artificial intelligence in both Canada and South Korea. The company's operations are divided into two main segments: AI and Technology, and Health Care. Within the health care division, Datametrex offers a range of services that include concierge medical services and telemedicine. Their offerings also include the Imagine Health integrated medical center, which comprises a pharmacy and ancillary services, physician consultative services, and the sale of prescription drugs and over-the-counter products.

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