ValiRx (LON:VAL) Stock Price Up 24.8% – Here’s Why

Shares of ValiRx plc (LON:VALGet Free Report) traded up 24.8% on Tuesday . The stock traded as high as GBX 0.80 ($0.01) and last traded at GBX 0.78 ($0.01). 6,398,107 shares changed hands during mid-day trading, an increase of 353% from the average session volume of 1,411,171 shares. The stock had previously closed at GBX 0.63 ($0.01).

ValiRx Stock Up 2.3 %

The stock has a 50-day moving average price of GBX 1.29 and a 200-day moving average price of GBX 1.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 6.65 and a quick ratio of 1.27. The company has a market capitalization of £1.05 million, a P/E ratio of -39.65 and a beta of 0.59.

About ValiRx

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ValiRx plc, a biopharmaceutical company, engages in the development of oncology therapeutics and companion diagnostics in the United Kingdom. The company's lead drug candidates include VAL201, a short peptide that has completed Phase I/II trials for the treatment of prostate cancer; and VAL401, a reformulation of anti-psychotic drug risperidone, which has completed Phase II clinical trial for the treatment of end-stage non-small cell lung cancer.

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