C4X Discovery (LON:C4XD) Share Price Crosses Above 50 Day Moving Average – Here’s Why

C4X Discovery Holdings plc (LON:C4XD) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 12 ($0.16) and traded as high as GBX 12 ($0.16). C4X Discovery shares last traded at GBX 12 ($0.16), with a volume of 3,770,459 shares changing hands.

C4X Discovery Price Performance

The company has a market cap of £30.27 million, a PE ratio of 300.00 and a beta of 0.23. The business’s 50 day moving average price is GBX 12 and its 200-day moving average price is GBX 11.69. The company has a quick ratio of 9.82, a current ratio of 15.31 and a debt-to-equity ratio of 1.05.

C4X Discovery Company Profile

C4X Discovery Holdings plc operates as drug discovery company in the United Kingdom. The company provides Taxonomy3, a novel in silico platform technology that utilizes proprietary mathematical algorithms to perform complex multivariate analysis of genetic data; Conformetrix, a technology platform which allows 3D-shapes of free drug molecules to be measured from experimental data, giving medicinal chemists new and unprecedented insights into the behavior and physical properties of drug molecules; and 4Sight for visualizing 4D molecules in virtual reality research scientists to view, understand and interrogate the complex, multidimensional molecular shape data of drug molecules.