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Cardiol Therapeutics (TSE:CRDL) Shares Up 1% - Here's What Happened

Cardiol Therapeutics logo with Medical background

Cardiol Therapeutics Inc. (TSE:CRDL - Get Free Report)'s stock price shot up 1% during trading on Friday . The company traded as high as C$2.08 and last traded at C$2.07. 77,015 shares were traded during trading, an increase of 6% from the average session volume of 72,656 shares. The stock had previously closed at C$2.05.

Cardiol Therapeutics Trading Up 1.0%

The firm has a market capitalization of C$171.77 million, a PE ratio of -4.07 and a beta of 0.70. The stock's 50-day moving average price is C$1.73 and its 200 day moving average price is C$1.70. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.49 and a quick ratio of 6.84.

Cardiol Therapeutics Company Profile

(Get Free Report)

Cardiol Therapeutics Inc, a clinical-stage life sciences company, focuses on the research and development of anti-fibrotic and anti-inflammatory therapies for the treatment of heart diseases. Its lead product candidate is CardiolRx, which is in Phase II multi-national, randomized, double-blind, and placebo-controlled study to evaluate the efficacy and safety of CardiolRx in acute myocarditis, as well as for the treatment of recurrent pericarditis.

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