Cardiol Therapeutics (TSE:CRDL) Reaches New 52-Week High – What’s Next?

Cardiol Therapeutics Inc. (TSE:CRDL) shares hit a new 52-week high on Tuesday . The company traded as high as C$2.79 and last traded at C$2.78, with a volume of 169562 shares trading hands. The stock had previously closed at C$2.58.

Cardiol Therapeutics Trading Up 6.6%

The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.84 and a current ratio of 5.55. The firm has a market capitalization of C$321.26 million, a price-to-earnings ratio of -8.09 and a beta of 0.27. The business has a fifty day moving average price of C$1.80 and a 200 day moving average price of C$1.70.

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, equities analysts forecast that Cardiol Therapeutics Inc. will post -0.49 earnings per share for the current 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.