Redx Pharma (LON:REDX) Shares Cross Below 50-Day Moving Average of $56.59

Redx Pharma Plc (LON:REDXGet Rating)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 56.59 ($0.67) and traded as low as GBX 56.10 ($0.66). Redx Pharma shares last traded at GBX 56.10 ($0.66), with a volume of 3,552 shares traded.

Redx Pharma Price Performance

The company has a current ratio of 2.11, a quick ratio of 1.93 and a debt-to-equity ratio of 331.56. The stock has a market cap of £194.25 million and a price-to-earnings ratio of -6.90. The stock has a 50-day moving average price of GBX 56.59 and a two-hundred day moving average price of GBX 60.28.

About Redx Pharma

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Redx Pharma Plc engages in drug discovery, pre-clinical development, and licensing activities in the United Kingdom. It discovers and develops small molecule drugs for treating anti-cancer and fibrosis targets in the areas of unmet medical needs. The company also develops RXC004, a porcupine inhibitor that is in Phase II clinical trial for targeted therapy of Wnt-ligand driven cancer; and RXC007, an oral selective rho associated coiled-coil containing protein kinase 2 (ROCK2) inhibitor for the treatment of fibrotic diseases.

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