Revive Therapeutics (CVE:RVV) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

by · The Cerbat Gem

Revive Therapeutics Ltd (CVE:RVV – Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.08 and traded as low as C$0.07. Revive Therapeutics shares last traded at C$0.08, with a volume of 212,852 shares.

Revive Therapeutics Stock Performance

The firm’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.08. The company has a market capitalization of C$5.79 million and a price-to-earnings ratio of -3.64.

Revive Therapeutics Company Profile

(Get Free Report)

Revive Therapeutics Ltd. develops and commercializes cannabinoid-based products in Canada. The company develops REV-002, a bucillamine that has completed Phase II-A clinical studies for the treatment of acute gout flares. Its product pipeline also includes REV-004, a bucillamine for the treatment of cystinurial. The company has a research and development supply and collaboration agreement with WeedMD Inc Revive Therapeutics Ltd. was incorporated in 2012 and is headquartered in Vaughan, Canada.

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