Cardiol Therapeutics Inc. (NASDAQ:CRDL) traded at a new 52-week high today of $4.85. This new high was reached on below average trading volume as 403,000 shares traded hands, while the average 30-day volume is approximately 746,000 shares.
Cardiol Therapeutics Inc is a biotech company focused on developing therapies for inflammatory heart disease. The company's lead product, CardiolRx, is a pharmaceutical cannabidiol formulation being investigated in a Phase II/III study in hospitalized patients testing positive for COVID-19 with a prior history of, or risk factors for, cardiovascular disease. Cardiol has also received clearance from the FDA for its investigational new drug application for a Phase II international trial that will investigate the anti-inflammatory and anti- fibrotic properties of CardiolRx in patients with acute myocarditis, which remains the most common cause of sudden cardiac death in people under 35 years of age.
In the past 52 weeks, shares of Cardiol Therapeutics Inc. have traded between a low of $1.82 and a high of $4.85 and is now at $4.84, which is 166% above that low price.
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