NEXGEL (NASDAQ:NXGLW) Trading 18.3% Higher – Still a Buy?

NEXGEL, Inc. (NASDAQ:NXGLWGet Free Report) shares shot up 18.3% during mid-day trading on Friday . The stock traded as high as $0.22 and last traded at $0.2011. 15,600 shares were traded during trading, an increase of 51% from the average session volume of 10,331 shares. The stock had previously closed at $0.17.

NEXGEL Price Performance

The company’s 50-day moving average price is $0.29 and its 200-day moving average price is $0.31.

About NEXGEL

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NEXGEL, Inc manufactures and sells high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels for wound care, medical diagnostics, transdermal drug delivery, and cosmetics in the United States. It operates through two segments, Nexgel and CG labs. The company offers over-the-counter remedy solutions, such as blister and pain applications under the MedaGel brand; and beauty and cosmetic solutions, such as wrinkle and skin cream applications under the LumaGel Beauty brand name.

Further Reading

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