Celadon Pharmaceuticals (LON:CEL) Trading 37.5% Higher – What’s Next?

Celadon Pharmaceuticals Plc (LON:CELGet Free Report) shot up 37.5% on Thursday . The stock traded as high as GBX 24 ($0.29) and last traded at GBX 22 ($0.27). 369,955 shares changed hands during trading, an increase of 231% from the average session volume of 111,807 shares. The stock had previously closed at GBX 16 ($0.19).

Celadon Pharmaceuticals Stock Down 29.7 %

The company has a quick ratio of 6.97, a current ratio of 1.92 and a debt-to-equity ratio of 194.82. The company has a market cap of £15.49 million, a price-to-earnings ratio of -281.25 and a beta of -0.26. The business has a 50-day simple moving average of GBX 17.69 and a two-hundred day simple moving average of GBX 33.37.

About Celadon Pharmaceuticals

(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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