Synairgen (LON:SNG) Trading 6.2% Higher – Here’s Why

Synairgen plc (LON:SNG)’s stock price was up 6.2% during trading on Tuesday . The company traded as high as GBX 1.20 ($0.02) and last traded at GBX 0.90 ($0.01). Approximately 293,563 shares traded hands during trading, a decline of 80% from the average daily volume of 1,453,790 shares. The stock had previously closed at GBX 0.85 ($0.01).

Synairgen Trading Down 3.0 %

The company has a market cap of £9.10 million, a price-to-earnings ratio of -0.56 and a beta of -2.23. The firm has a 50-day moving average price of GBX 1.89 and a 200 day moving average price of GBX 3.23.

Synairgen Company Profile

Synairgen is a respiratory drug discovery and development company founded by University of Southampton Professors Stephen Holgate, Donna Davies and Ratko Djukanovic. The business, focused primarily on lung viral defence in asthma and COPD, uses its differentiating human biology BioBank platform and world-renowned international academic KOL network to discover and develop novel therapies for respiratory disease.

Synairgen is conducting a double blind, placebo-controlled clinical trial in COVID-19 patients (SG016).