Celadon Pharmaceuticals (LON:CEL) Shares Up 27.8% – Here’s What Happened

Celadon Pharmaceuticals Plc (LON:CELGet Free Report)’s share price traded up 27.8% during trading on Wednesday . The company traded as high as GBX 23 ($0.29) and last traded at GBX 23 ($0.29). 113,192 shares were traded during mid-day trading, a decline of 65% from the average session volume of 318,884 shares. The stock had previously closed at GBX 18 ($0.22).

Celadon Pharmaceuticals Stock Performance

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 stock has a market cap of £15.84 million, a price-to-earnings ratio of -287.50 and a beta of -0.26. The stock’s 50 day moving average is GBX 18.36 and its two-hundred day moving average is GBX 27.79.

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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