Synairgen (LON:SNG) Trading 7.9% Higher – What’s Next?

Synairgen plc (LON:SNGGet Free Report) rose 7.9% on Monday . The stock traded as high as GBX 2.56 ($0.03) and last traded at GBX 2.16 ($0.03). Approximately 963,454 shares traded hands during mid-day trading, an increase of 188% from the average daily volume of 334,956 shares. The stock had previously closed at GBX 2 ($0.03).

Synairgen Trading Up 7.9 %

The firm has a market cap of £4.35 million, a price-to-earnings ratio of -71.97 and a beta of -2.23. The company has a quick ratio of 6.35, a current ratio of 6.77 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of GBX 4.46 and a 200-day moving average price of GBX 4.39.

About Synairgen

(Get Free Report)

Synairgen plc discovers and develops drugs for respiratory diseases. It develops SNG001, an inhaled interferon beta for the treatment of COVID-19; inhaled interferon beta (IFN-ß), which is in Phase-II clinical trials for the treatment of asthma caused by the common cold and flu; and IFN-ß that is in Phase-II clinical trials for the treatment or prevention of chronic obstructive pulmonary disease.

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