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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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Shares of Cardiol Therapeutics Inc. (TSE:CRDL - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$1.09 and last traded at C$1.22, with a volume of 188592 shares trading hands. The stock had previously closed at C$1.19.

Cardiol Therapeutics Trading Up 5.6 %

The company has a debt-to-equity ratio of 1.59, a current ratio of 2.49 and a quick ratio of 6.84. The business's 50-day moving average is C$1.59 and its 200 day moving average is C$2.02. The firm has a market capitalization of C$108.70 million, a P/E ratio of -2.57 and a beta of 0.70.

About Cardiol Therapeutics

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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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