Redx Pharma (LON:REDX) Stock Passes Below 50 Day Moving Average of $64.79

Redx Pharma Plc (LON:REDXGet Rating)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 64.79 ($0.79) and traded as low as GBX 60 ($0.74). Redx Pharma shares last traded at GBX 61.50 ($0.75), with a volume of 65,730 shares trading hands.

Redx Pharma Trading Down 7.5 %

The firm has a market cap of £205.01 million and a P/E ratio of -7.32. The business’s 50-day moving average is GBX 64.79 and its two-hundred day moving average is GBX 70.12. The company has a debt-to-equity ratio of 331.56, a current ratio of 2.11 and a quick ratio of 1.93.

About Redx Pharma

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Redx Pharma Plc engages in drug discovery, pre-clinical development, and licensing activities in the United Kingdom. It discovers and develops small molecule drugs for treating anti-cancer and fibrosis targets in the areas of unmet medical needs. The company also develops RXC004, a porcupine inhibitor that is in Phase II clinical trial for targeted therapy of Wnt-ligand driven cancer; and RXC007, an oral selective rho associated coiled-coil containing protein kinase 2 (ROCK2) inhibitor for the treatment of fibrotic diseases.

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