Gemini Therapeutics (NASDAQ:GMTX) Stock Price Up 1.7% – Here’s Why

Gemini Therapeutics, Inc. (NASDAQ:GMTXGet Free Report) traded up 1.7% during mid-day trading on Thursday . The stock traded as high as $54.14 and last traded at $53.74. 366,596 shares traded hands during mid-day trading, an increase of 94% from the average session volume of 189,291 shares. The stock had previously closed at $52.83.

Gemini Therapeutics Stock Performance

The stock’s 50 day simple moving average is $55.59 and its 200 day simple moving average is $55.96. The firm has a market cap of $2.33 billion, a P/E ratio of -53.74 and a beta of -0.12.

About Gemini Therapeutics

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Gemini Therapeutics, Inc, a clinical stage precision medicine company, engages in developing various therapeutic compounds for treating genetically defined age-related macular degeneration (AMD). Its lead candidate is GEM103, a recombinant form of the human complement factor H protein to treat dry AMD patients.

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