Oxus Acquisition (NASDAQ:OXUS) Shares Up 11.3% – Here’s What Happened

by · The Cerbat Gem

Oxus Acquisition Corp. (NASDAQ:OXUS – Get Free Report)’s share price shot up 11.3% during mid-day trading on Tuesday . The company traded as high as $1.20 and last traded at $1.18. Approximately 47,083 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 38,372 shares. The stock had previously closed at $1.06.

Oxus Acquisition Price Performance

The firm has a market cap of $7.74 million, a P/E ratio of -5.62 and a beta of 0.01. The firm’s 50-day moving average price is $1.08 and its 200 day moving average price is $1.29.

Oxus Acquisition Company Profile

(Get Free Report)

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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