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Cardiol Therapeutics (TSE:CRDL) Shares Up 3.4% - What's Next?

Cardiol Therapeutics logo with Medical background

Key Points

  • Cardiol Therapeutics Inc. shares increased by 3.4% on Wednesday, trading between C$1.45 and C$1.57, with a significant trading volume boost of 60% over the daily average.
  • The company has a market capitalization of C$125.59 million, with a P/E ratio of -3.13 and a relatively low beta of 0.95.
  • Cardiol Therapeutics is focused on developing anti-inflammatory and anti-fibrotic therapies for heart disease, with its lead candidate, CardiolRxTM, in clinical development.
  • Five stocks to consider instead of Cardiol Therapeutics.

Cardiol Therapeutics Inc. (TSE:CRDL - Get Free Report)'s stock price traded up 3.4% on Wednesday . The company traded as high as C$1.57 and last traded at C$1.50. 159,808 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 99,597 shares. The stock had previously closed at C$1.45.

Cardiol Therapeutics Stock Down 1.3%

The firm has a market capitalization of C$124.76 million, a price-to-earnings ratio of -3.10 and a beta of 0.95. The business's 50-day moving average is C$1.68 and its two-hundred day moving average is C$1.64. The company has a debt-to-equity ratio of 1.59, a quick ratio of 6.84 and a current ratio of 2.49.

Cardiol Therapeutics Company Profile

(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.

See Also

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