Gemini Therapeutics (NASDAQ:GMTX) Shares Up 3.6% – Still a Buy?

Gemini Therapeutics, Inc. (NASDAQ:GMTXGet Free Report)’s share price shot up 3.6% during trading on Friday . The company traded as high as $53.30 and last traded at $52.71. 396,554 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 189,291 shares. The stock had previously closed at $50.86.

Gemini Therapeutics Stock Up 3.6%

The firm has a 50 day moving average price of $45.47 and a 200 day moving average price of $53.39. The stock has a market capitalization of $2.28 billion, a PE ratio of -52.71 and a beta of -0.12.

About Gemini Therapeutics

(Get Free Report)

Gemini Therapeutics, Inc, a clinical stage precision medicine company, engages in developing various therapeutic compounds for treating genetically defined age-related macular degeneration (AMD). Its lead candidate is GEM103, a recombinant form of the human complement factor H protein to treat dry AMD patients.

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