Synairgen (LON:SNG) Trading 19.5% Higher – Here’s What Happened

Synairgen plc (LON:SNG) traded up 19.5% during mid-day trading on Wednesday . The stock traded as high as GBX 2.39 ($0.03) and last traded at GBX 2.39 ($0.03). 359,928 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,848,707 shares. The stock had previously closed at GBX 2 ($0.02).

Synairgen Stock Performance

The stock has a market cap of £4.81 million, a price-to-earnings ratio of -79.67 and a beta of -2.23. The firm’s 50-day moving average is GBX 2.71 and its two-hundred day moving average is GBX 3.62. The company has a current ratio of 6.77, a quick ratio of 6.35 and a debt-to-equity ratio of 0.09.

Synairgen Company Profile

Synairgen is a respiratory drug discovery and development company founded by University of Southampton Professors Stephen Holgate, Donna Davies and Ratko Djukanovic. The business, focused primarily on lung viral defence in asthma and COPD, uses its differentiating human biology BioBank platform and world-renowned international academic KOL network to discover and develop novel therapies for respiratory disease.

Synairgen is conducting a double blind, placebo-controlled clinical trial in COVID-19 patients (SG016).