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Cortexyme (NASDAQ:CRTX) Share Price Crosses Above 200 Day Moving Average - Here's Why

Cortexyme logo with Medical background

Key Points

  • Cortexyme Inc. (NASDAQ: CRTX) has seen its stock price cross above the 200-day moving average at $1.37, reaching a high of $1.70 during trading.
  • The stock is currently trading at $1.67, with a market capitalization of $50.35 million and a P/E ratio of -0.56.
  • Cortexyme is a clinical stage biopharmaceutical company focused on developing therapeutics, particularly for Alzheimer's disease, with its lead drug candidate currently in Phase II/III clinical trials.
  • MarketBeat previews the top five stocks to own by October 1st.

Cortexyme, Inc. (NASDAQ:CRTX - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.37 and traded as high as $1.70. Cortexyme shares last traded at $1.67, with a volume of 274,744 shares changing hands.

Cortexyme Trading Down 3.0%

The business's fifty day simple moving average is $1.57 and its two-hundred day simple moving average is $1.37. The stock has a market capitalization of $48.24 million, a P/E ratio of -0.54 and a beta of 1.40.

About Cortexyme

(Get Free Report)

Cortexyme, Inc, a clinical stage biopharmaceutical company, focuses on developing therapeutics for Alzheimer's and other degenerative diseases. Its lead drug candidate is atuzaginstat (COR388), an orally administered brain-penetrating small molecule gingipain inhibitor, which is in Phase II/III clinical trial for use in patients with mild to moderate Alzheimer's disease, as well as for the treatment of oral squamous cell carcinoma, periodontitis, and coronavirus infection.

Further Reading

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