Silo Pharma (NASDAQ:SILO) Trading Up 1.2% – Here’s Why

Silo Pharma, Inc. (NASDAQ:SILO)’s stock price rose 1.2% during trading on Wednesday . The stock traded as high as $1.77 and last traded at $1.72. Approximately 234,594 shares changed hands during trading, a decline of 97% from the average daily volume of 7,963,822 shares. The stock had previously closed at $1.70.

Silo Pharma Trading Up 1.2 %

The company has a fifty day moving average price of $1.31 and a 200 day moving average price of $1.28.

Silo Pharma (NASDAQ:SILO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter. The company had revenue of $0.02 million for the quarter. Silo Pharma had a negative return on equity of 61.38% and a negative net margin of 5,255.05%.

About Silo Pharma

Silo Pharma Inc operates as a developmental stage biopharmaceutical company. The company is developing therapeutics that address underserved conditions, including stress-induced psychiatric disorders, chronic pain conditions, and central nervous system (CNS) diseases. It focuses on developing traditional therapies and psychedelic treatments in formulations and drug delivery systems.