Cortexyme (NASDAQ:CRTX) Shares Cross Above 200-Day Moving Average – Here’s Why

Cortexyme, Inc. (NASDAQ:CRTXGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.16 and traded as high as $1.87. Cortexyme shares last traded at $1.73, with a volume of 218,043 shares.

Cortexyme Stock Down 3.4 %

The stock’s fifty day simple moving average is $1.87 and its two-hundred day simple moving average is $1.17. The firm has a market cap of $52.16 million, a PE ratio of -0.58 and a beta of 1.40.

Cortexyme Company Profile

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Cortexyme, Inc, a clinical stage biopharmaceutical company, focuses on developing therapeutics for Alzheimer's and other degenerative diseases. Its lead drug candidate is atuzaginstat (COR388), an orally administered brain-penetrating small molecule gingipain inhibitor, which is in Phase II/III clinical trial for use in patients with mild to moderate Alzheimer's disease, as well as for the treatment of oral squamous cell carcinoma, periodontitis, and coronavirus infection.

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