Virios Therapeutics (NASDAQ:VIRI) Trading 3.1% Higher – Should You Buy?

Virios Therapeutics, Inc. (NASDAQ:VIRIGet Free Report) shares rose 3.1% on Monday . The stock traded as high as $1.8050 and last traded at $1.8050. 6,746 shares changed hands during trading, a decline of 99% from the average session volume of 1,049,645 shares. The stock had previously closed at $1.75.

Virios Therapeutics Price Performance

The stock has a market capitalization of $34.76 million, a price-to-earnings ratio of -6.69 and a beta of 1.58. The stock’s 50 day simple moving average is $1.54 and its 200-day simple moving average is $2.09.

Virios Therapeutics Company Profile

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Virios Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of targeted therapies for fibrotic diseases. The company leverages its proprietary small-molecule platform to identify and advance compounds designed to modulate key pathways involved in scar formation and tissue repair. By concentrating on conditions with high unmet medical need, Virios aims to improve patient outcomes through more effective and safer treatment options.

The company’s lead development candidate, VTI-1002, is an oral small molecule inhibitor in clinical trials for the prevention and treatment of hypertrophic scars and keloids.

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