Celadon Pharmaceuticals (LON:CEL) Trading Up 37.5% – Time to Buy?

Celadon Pharmaceuticals Plc (LON:CELGet Free Report)’s stock price traded up 37.5% during trading on Thursday . The stock traded as high as GBX 24 ($0.29) and last traded at GBX 22 ($0.27). 369,955 shares were traded during mid-day trading, an increase of 231% from the average session volume of 111,807 shares. The stock had previously closed at GBX 16 ($0.20).

Celadon Pharmaceuticals Stock Performance

The stock has a market cap of £28.36 million, a P/E ratio of -514.94 and a beta of -0.26. The company has a current ratio of 1.92, a quick ratio of 6.97 and a debt-to-equity ratio of 194.82. The company’s 50-day simple moving average is GBX 17.86 and its 200 day simple moving average is GBX 33.91.

Celadon Pharmaceuticals Company Profile

(Get Free Report)

Celadon Pharmaceuticals Plc is a UK-based pharmaceutical company focused on the development, production and sale of breakthrough cannabis-based medicines. Its primary focus is on improving quality of life for chronic pain sufferers, as well as exploring the potential of cannabis-based medicines for other conditions such as autism.

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