Cardiol Therapeutics (TSE:CRDL) Hits New 12-Month High – What’s Next?

Cardiol Therapeutics Inc. (TSE:CRDL) hit a new 52-week high during trading on Thursday . The stock traded as high as C$2.36 and last traded at C$2.30, with a volume of 216020 shares changing hands. The stock had previously closed at C$2.12.

Cardiol Therapeutics Price Performance

The company’s 50-day simple moving average is C$1.67 and its 200 day simple moving average is C$1.64. The company has a market capitalization of C$289.33 million, a P/E ratio of -6.44 and a beta of 0.27. The company has a quick ratio of 6.84, a current ratio of 4.39 and a debt-to-equity ratio of 0.48.

Cardiol Therapeutics (TSE:CRDL) last released its quarterly earnings data on Wednesday, August 12th. The company reported C($0.05) earnings per share (EPS) for the quarter. As a group, sell-side analysts expect that Cardiol Therapeutics Inc. will post -0.49 earnings per share for the current fiscal year.

About Cardiol Therapeutics

Cardiol Therapeutics Inc ( NASDAQ: CRDL ) ( TSX: CRDL ) is a late-stage life sciences company focused on advancing the development of anti-inflammatory and anti-fibrotic therapies for heart disease. The Company’s lead small-molecule drug candidate, CardiolRx¿, modulates inflammasome pathway activation, an intracellular process known to play an important role in the development and progression of inflammation and fibrosis associated with pericarditis, myocarditis, and heart failure. The MAVERIC Program is evaluating CardiolRx¿ for the treatment of recurrent pericarditis, an inflammatory disease of the pericardium associated with symptoms including debilitating chest pain, shortness of breath, and fatigue, which can lead to physical limitations, reduced quality of life, emergency department visits, and hospitalizations.