Graybug Vision (NASDAQ:GRAY) Shares Up 10% – Here’s What Happened

Graybug Vision, Inc. (NASDAQ:GRAYGet Free Report)’s share price shot up 10% on Monday . The company traded as high as $0.78 and last traded at $0.7270. 656,290 shares traded hands during trading, an increase of 30,214% from the average session volume of 2,165 shares. The stock had previously closed at $0.6610.

Graybug Vision Trading Up 10.0%

The firm has a market cap of $1.14 million, a price-to-earnings ratio of -0.42 and a beta of 1.20. The stock has a 50-day moving average of $2.75 and a 200-day moving average of $3.32.

Graybug Vision Company Profile

(Get Free Report)

Graybug Vision, Inc is a clinical-stage biopharmaceutical company dedicated to developing innovative therapies for retinal diseases. The company’s proprietary Depot Technology Platform is designed to deliver sustained-release formulations of biologically active agents directly to the back of the eye, with the goal of reducing treatment burden and improving patient outcomes. Graybug’s lead product candidate, GB-102, is a long-acting formulation of sunitinib malate being investigated for the treatment of wet age-related macular degeneration (wet AMD).

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