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Cardiol Therapeutics (TSE:CRDL) Stock Price Down 7.1% - Should You Sell?

Cardiol Therapeutics logo with Medical background

Key Points

  • Cardiol Therapeutics' stock price fell by 7.1% recently, trading as low as C$1.52 before closing at C$1.57, with trading volume significantly increased at 241,437 shares.
  • The company has a market cap of C$130.28 million and negative price-to-earnings ratio of -3.09, indicating potential financial challenges.
  • Cardiol Therapeutics is focused on developing therapies for heart disease, with its lead candidate, CardiolRxTM, currently in clinical development.
  • Looking to export and analyze Cardiol Therapeutics data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Cardiol Therapeutics Inc. (TSE:CRDL - Get Free Report) were down 7.1% on Tuesday . The stock traded as low as C$1.52 and last traded at C$1.57. Approximately 241,437 shares changed hands during trading, an increase of 150% from the average daily volume of 96,549 shares. The stock had previously closed at C$1.69.

Cardiol Therapeutics Stock Performance

The company has a quick ratio of 6.84, a current ratio of 2.49 and a debt-to-equity ratio of 1.59. The firm's 50 day simple moving average is C$1.81 and its two-hundred day simple moving average is C$1.67. The stock has a market cap of C$134.43 million, a P/E ratio of -3.18 and a beta of 0.70.

About Cardiol Therapeutics

(Get Free Report)

Cardiol Therapeutics Inc NASDAQ: CRDL TSX: CRDL is a clinical-stage life sciences company focused on the research and clinical development of anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease. The Company's lead drug candidate, CardiolRxTM (cannabidiol) oral solution, is pharmaceutically manufactured and in clinical development for use in the treatment of heart disease.

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