Shares of Avenue Therapeutics, Inc. (NASDAQ:ATXI – Get Free Report) shot up 4.9% during mid-day trading on Tuesday. The company traded as high as $0.4403 and last traded at $0.42. Approximately 3,036 shares traded hands during trading, a decline of 55% from the average session volume of 6,771 shares. The stock had previously closed at $0.4005.
Avenue Therapeutics Trading Up 4.9%
The firm has a market cap of $1.38 million, a PE ratio of 0.02 and a beta of -0.23. The company’s 50-day moving average is $0.43 and its 200 day moving average is $0.39.
Avenue Therapeutics Company Profile
Avenue Therapeutics, Inc is a specialty pharmaceutical company focused on developing and commercializing therapies for acute and other serious medical conditions. The company is headquartered in the United States and trades on the Nasdaq under the symbol ATXI.
Avenue’s primary product candidate has been intravenous tramadol, an investigational formulation intended to provide short-term management of acute postoperative pain in adults who require an opioid analgesic in a medically supervised setting.
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