Chromocell Therapeutics (NYSE:CHRO) Trading 17.8% Higher – What’s Next?

Chromocell Therapeutics Co. (NYSE:CHROGet Free Report)’s stock price shot up 17.8% during mid-day trading on Tuesday . The company traded as high as $0.92 and last traded at $0.92. 99,128 shares traded hands during trading, an increase of 0% from the average session volume of 98,650 shares. The stock had previously closed at $0.78.

Chromocell Therapeutics Stock Performance

The business has a fifty day moving average of $0.65 and a 200-day moving average of $0.83.

Chromocell Therapeutics Company Profile

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Chromocell Therapeutics Corporation, a clinical-stage biotech company, focuses on the development and commercialization of new therapeutics to alleviate pain. The company intends to selectively target the sodium ion-channel known as NaV1.7, as well as other receptors in the NaV family. Its lead compound comprises CC8464, which is in Phase 2a clinical trials for use in the treatment of erythromelalgia, as well as other fields of neuropathic pain and acute and chronic eye pain.

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