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Cardiol Therapeutics (TSE:CRDL) Trading Down 0.8% - Should You Sell?

Cardiol Therapeutics logo with Medical background

Cardiol Therapeutics Inc. (TSE:CRDL - Get Free Report)'s stock price traded down 0.8% on Wednesday . The company traded as low as C$2.51 and last traded at C$2.53. 74,200 shares were traded during trading, a decline of 48% from the average session volume of 141,666 shares. The stock had previously closed at C$2.55.

Cardiol Therapeutics Stock Performance

The company has a quick ratio of 6.84, a current ratio of 2.39 and a debt-to-equity ratio of 1.07. The company has a market cap of C$174.70 million, a PE ratio of -5.68 and a beta of 0.70. The stock's 50 day simple moving average is C$2.72 and its two-hundred day simple moving average is C$2.84.

Cardiol Therapeutics Company Profile

(Get Free Report)

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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