Celadon Pharmaceuticals (LON:CEL) Trading Down 29.3% – Time to Sell?

Celadon Pharmaceuticals Plc (LON:CELGet Free Report)’s share price traded down 29.3% on Tuesday . The company traded as low as GBX 14 ($0.18) and last traded at GBX 19.80 ($0.25). 368,578 shares traded hands during trading, an increase of 370% from the average session volume of 78,498 shares. The stock had previously closed at GBX 28 ($0.35).

Celadon Pharmaceuticals Stock Down 7.1 %

The stock’s fifty day moving average is GBX 30.85 and its two-hundred day moving average is GBX 55.11. The company has a current ratio of 1.92, a quick ratio of 6.97 and a debt-to-equity ratio of 194.82. The firm has a market cap of £12.67 million, a P/E ratio of -235.00 and a beta of -0.26.

Celadon Pharmaceuticals Company Profile

(Get Free Report)

Celadon Pharmaceuticals Plc engages in the research, cultivation, manufacturing, and sale of cannabis-based medicines. The company primarily focuses on growing indoor hydroponic cannabis for use in medicinal products used to treat chronic pain, as well as autism spectrum disorders. Celadon Pharmaceuticals Plc was founded in 2018 and is headquartered in London, the United Kingdom.

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