Virios Therapeutics (NASDAQ:VIRI) Shares Up 1.7% – Here’s Why

Virios Therapeutics, Inc. (NASDAQ:VIRI)’s share price rose 1.7% during trading on Thursday . The stock traded as high as $3.1799 and last traded at $3.08. Approximately 20,139 shares traded hands during trading, a decline of 98% from the average daily volume of 1,049,645 shares. The stock had previously closed at $3.03.

Virios Therapeutics Stock Up 1.7%

The business has a 50-day simple moving average of $4.43 and a two-hundred day simple moving average of $5.09. The stock has a market capitalization of $59.31 million, a price-to-earnings ratio of -11.41 and a beta of 1.58.

Virios Therapeutics Company Profile

Virios Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of targeted therapies for fibrotic diseases. The company leverages its proprietary small-molecule platform to identify and advance compounds designed to modulate key pathways involved in scar formation and tissue repair. By concentrating on conditions with high unmet medical need, Virios aims to improve patient outcomes through more effective and safer treatment options.

The company’s lead development candidate, VTI-1002, is an oral small molecule inhibitor in clinical trials for the prevention and treatment of hypertrophic scars and keloids.