Celadon Pharmaceuticals (LON:CEL) Trading 14% Higher – Here’s Why

Shares of Celadon Pharmaceuticals Plc (LON:CELGet Free Report) were up 14% during trading on Wednesday . The company traded as high as GBX 3.42 ($0.04) and last traded at GBX 3.42 ($0.04). Approximately 275,744 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 274,066 shares. The stock had previously closed at GBX 3 ($0.04).

Celadon Pharmaceuticals Price Performance

The business has a 50 day moving average of GBX 16.50 and a 200 day moving average of GBX 20.98. The company has a market cap of £2.10 million, a PE ratio of -0.43 and a beta of -0.26. The company has a debt-to-equity ratio of 196.67, a current ratio of 1.92 and a quick ratio of 6.97.

Celadon Pharmaceuticals Company Profile

(Get Free Report)

Celadon Pharmaceuticals Plc is a UK-based pharmaceutical company focused on the development, production and sale of breakthrough cannabis-based medicines. Its primary focus is on improving quality of life for chronic pain sufferers, as well as exploring the potential of cannabis-based medicines for other conditions such as autism.

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