Cardiol Therapeutics (OTCMKTS:CRTPF) Shares Down 2.9% – Time to Sell?

Cardiol Therapeutics Inc. (OTCMKTS:CRTPFGet Free Report)’s share price traded down 2.9% during trading on Thursday . The stock traded as low as $0.9668 and last traded at $0.9708. 581,510 shares changed hands during trading, an increase of 767% from the average session volume of 67,097 shares. The stock had previously closed at $1.00.

Cardiol Therapeutics Price Performance

The stock’s fifty day moving average is $1.01 and its two-hundred day moving average is $1.05.

Cardiol Therapeutics Company Profile

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Cardiol Therapeutics Inc is a clinical-stage biotechnology company focused on the development of novel immuno-lipid therapies for treating heart failure and inflammation-related cardiovascular diseases. The company’s proprietary platform is built on synthetic formulations of cardiolipin, a naturally occurring mitochondrial lipid known to play a key role in cellular energy production and inflammatory regulation. By harnessing the anti-inflammatory properties of cardiolipin derivatives, Cardiol aims to address unmet needs in acute and chronic cardiovascular conditions.

Cardiol’s lead product candidate, CT-1 Microspheres, is designed for intravenous administration to hospitalized patients with acute decompensated heart failure.

Further Reading

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