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Cardiol Therapeutics (TSE:CRDL) Reaches New 12-Month Low - What's Next?

Cardiol Therapeutics logo with Medical background
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Cardiol Therapeutics Inc. (TSE:CRDL - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$1.27 and last traded at C$1.29, with a volume of 57851 shares. The stock had previously closed at C$1.37.

Cardiol Therapeutics Trading Down 9.8 %

The stock has a market capitalization of C$98.74 million, a PE ratio of -2.34 and a beta of 0.70. The business's fifty day moving average is C$1.69 and its 200-day moving average is C$2.10. The company has a quick ratio of 6.84, a current ratio of 2.49 and a debt-to-equity ratio of 1.59.

Cardiol Therapeutics Company Profile

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Cardiol Therapeutics Inc, a clinical-stage life sciences company, focuses on the research and development of anti-fibrotic and anti-inflammatory therapies for the treatment of heart diseases. Its lead product candidate is CardiolRx, which is in Phase II multi-national, randomized, double-blind, and placebo-controlled study to evaluate the efficacy and safety of CardiolRx in acute myocarditis, as well as for the treatment of recurrent pericarditis.

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