Redx Pharma (LON:REDX) Stock Passes Below 50 Day Moving Average of $14.29

Redx Pharma Plc (LON:REDX) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 14.29 ($0.18) and traded as low as GBX 11.42 ($0.14). Redx Pharma shares last traded at GBX 15 ($0.19), with a volume of 1,420,135 shares changing hands.

Redx Pharma Trading Up 31.6 %

The company’s 50-day moving average price is GBX 14.29 and its 200-day moving average price is GBX 17.49. The firm has a market cap of £58.35 million, a price-to-earnings ratio of -150.00 and a beta of -0.53. The company has a quick ratio of 1.93, a current ratio of 1.11 and a debt-to-equity ratio of 527.00.

Insider Activity

In related news, insider Lisa Anson bought 399,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were acquired at an average price of GBX 8 ($0.10) per share, for a total transaction of £31,920 ($40,492.20). Company insiders own 18.35% of the company’s stock.

About Redx Pharma

Redx Pharma Plc engages in drug discovery, pre-clinical development, and licensing activities in the United Kingdom. It discovers and develops small molecule drugs for treating fibrotic disease, cancer, and the emerging area of cancer-associated fibrosis in the areas of unmet medical needs. The company also develops zelasudil (RXC007), a selective rho associated coiled-coil containing protein kinase 2 (ROCK2) inhibitor, which is in Phase 2 clinical trial for the treatment of multiple interstitial lung diseases and cancer-associated fibrosis; RXC008, a potential first-in-class GI-targeted ROCK inhibitor that is in preclinical studies for the treatment of fibrostenotic Crohn's disease; and zamaporvint (RXC004), a porcupine inhibitor that is in Phase 2 clinical trial for targeted therapy of Wnt-ligand dependent cancers.