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Gemini Therapeutics (NASDAQ:GMTX) Shares Up 1.4% - Here's Why

Gemini Therapeutics logo with Medical background

Key Points

  • Gemini Therapeutics' stock increased by 1.4% during mid-day trading, reaching a last trading price of $59.79, following a significant rise in trading volume.
  • The company has a market capitalization of $2.59 billion and operates in the precision medicine space, focusing on treatments for age-related macular degeneration.
  • Its lead candidate, GEM103, is a therapeutic compound aimed at dry AMD patients, utilizing a recombinant form of the human complement factor H protein.
  • Interested in Gemini Therapeutics? Here are five stocks we like better.

Gemini Therapeutics, Inc. (NASDAQ:GMTX - Get Free Report)'s stock price was up 1.4% on Tuesday . The company traded as high as $59.98 and last traded at $59.79. Approximately 306,418 shares were traded during mid-day trading, an increase of 62% from the average daily volume of 189,291 shares. The stock had previously closed at $58.97.

Gemini Therapeutics Stock Performance

The stock has a 50-day simple moving average of $54.78 and a two-hundred day simple moving average of $51.47. The firm has a market cap of $2.51 billion, a PE ratio of -58.03 and a beta of -0.12.

About Gemini Therapeutics

(Get Free Report)

Gemini Therapeutics, Inc, a clinical stage precision medicine company, engages in developing various therapeutic compounds for treating genetically defined age-related macular degeneration (AMD). Its lead candidate is GEM103, a recombinant form of the human complement factor H protein to treat dry AMD patients.

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