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Gemini Therapeutics (NASDAQ:GMTX) Stock Price Up 1.2% - Should You Buy?

Gemini Therapeutics logo with Medical background

Key Points

  • Gemini Therapeutics' shares rose by 1.2% on Thursday, reaching a trading high of $63.54 and closing at $61.04 with increased trading volume.
  • The company, focused on age-related macular degeneration treatment, has a market cap of $2.64 billion and a P/E ratio of -61.04.
  • Gemini's lead therapeutic candidate is GEM103, a recombinant form of the human complement factor H protein aimed at treating dry AMD patients.
  • MarketBeat previews top five stocks to own in October.

Gemini Therapeutics, Inc. (NASDAQ:GMTX - Get Free Report)'s share price was up 1.2% during mid-day trading on Thursday . The company traded as high as $63.54 and last traded at $61.04. Approximately 418,250 shares were traded during mid-day trading, an increase of 121% from the average daily volume of 189,291 shares. The stock had previously closed at $60.34.

Gemini Therapeutics Stock Up 2.6%

The firm has a market capitalization of $2.71 billion, a P/E ratio of -62.63 and a beta of -0.12. The stock has a fifty day moving average of $59.64 and a 200-day moving average of $52.46.

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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