GLYC - GlycoMimetics Inc.: New 52-Week Low Set Today (GLYC)

GlycoMimetics Inc. (NASDAQ:GLYC) traded at a new 52-week low today of $1.96. So far today approximately 203,000 shares have been exchanged, as compared to an average 30-day volume of 663,000 shares.

GlycoMimetics Inc is a clinical stage biotechnology company. It is focused on the discovery and development of novel glycomimetic drugs to address unmet medical needs resulting from diseases in which carbohydrate biology plays a key role. Glycomimetics are molecules that mimic the structure of carbohydrates involved in important biological processes. Using expertise in carbohydrate chemistry and knowledge of carbohydrate biology, the company is developing a pipeline of proprietary glycomimetics that may inhibit disease-related functions of carbohydrates, such as the roles it plays in inflammation, cancer, and infection.

In the past 52 weeks, GlycoMimetics Inc. share prices are bracketed by a current low of $1.96 and a high of $5.19 and is now at $2.05.

Based on a current price of $2.05, GlycoMimetics Inc. is currently 7.1% above its average consensus analyst price target of $1.90.

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