C4X Discovery (LON:C4XD) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

C4X Discovery Holdings plc (LON:C4XD) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 12 ($0.15) and traded as low as GBX 8.30 ($0.11). C4X Discovery shares last traded at GBX 12 ($0.15), with a volume of 3,770,459 shares.

C4X Discovery Stock Performance

The stock’s 50-day moving average is GBX 12 and its 200-day moving average is GBX 11.71. The stock has a market cap of £30.27 million, a price-to-earnings ratio of 300.00 and a beta of 0.23. The company has a current ratio of 15.31, a quick ratio of 9.82 and a debt-to-equity ratio of 1.05.

About C4X Discovery

C4X Discovery Holdings plc operates as drug discovery company in the United Kingdom. The company provides Taxonomy3, a novel in silico platform technology that utilizes proprietary mathematical algorithms to perform complex multivariate analysis of genetic data; Conformetrix, a technology platform which allows 3D-shapes of free drug molecules to be measured from experimental data, giving medicinal chemists new and unprecedented insights into the behavior and physical properties of drug molecules; and 4Sight for visualizing 4D molecules in virtual reality research scientists to view, understand and interrogate the complex, multidimensional molecular shape data of drug molecules.