Celadon Pharmaceuticals Plc (LON:CEL – Get Free Report) shares shot up 27.8% during mid-day trading on Wednesday . The company traded as high as GBX 23 ($0.29) and last traded at GBX 23 ($0.29). 113,192 shares changed hands during trading, a decline of 65% from the average session volume of 318,884 shares. The stock had previously closed at GBX 18 ($0.23).
Celadon Pharmaceuticals Stock Performance
The stock has a 50 day moving average of GBX 18.61 and a 200 day moving average of GBX 27.39. The company has a market capitalization of £9.48 million, a price-to-earnings ratio of -1.94 and a beta of -0.26. The company has a quick ratio of 6.97, a current ratio of 1.92 and a debt-to-equity ratio of 196.67.
About Celadon Pharmaceuticals
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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