Redx Pharma (LON:REDX) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Redx Pharma Plc (LON:REDX)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 15 ($0.19) and traded as low as GBX 11.42 ($0.15). Redx Pharma shares last traded at GBX 15 ($0.19), with a volume of 1,420,135 shares trading hands.

Redx Pharma Price Performance

The firm’s fifty day simple moving average is GBX 15 and its 200-day simple moving average is GBX 14.94. The firm has a market capitalization of £58.35 million, a PE ratio of -150.00 and a beta of -0.53. The company has a quick ratio of 1.93, a current ratio of 1.11 and a debt-to-equity ratio of 527.00.

Redx Pharma Company Profile

Redx Pharma Plc engages in drug discovery, pre-clinical development, and licensing activities in the United Kingdom. It discovers and develops small molecule drugs for treating fibrotic disease, cancer, and the emerging area of cancer-associated fibrosis in the areas of unmet medical needs. The company also develops zelasudil (RXC007), a selective rho associated coiled-coil containing protein kinase 2 (ROCK2) inhibitor, which is in Phase 2 clinical trial for the treatment of multiple interstitial lung diseases and cancer-associated fibrosis; RXC008, a potential first-in-class GI-targeted ROCK inhibitor that is in preclinical studies for the treatment of fibrostenotic Crohn's disease; and zamaporvint (RXC004), a porcupine inhibitor that is in Phase 2 clinical trial for targeted therapy of Wnt-ligand dependent cancers.