Gemini Therapeutics (NASDAQ:GMTX) Reaches New 1-Year High – Here’s What Happened

Gemini Therapeutics, Inc. (NASDAQ:GMTXGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $66.90 and last traded at $65.00, with a volume of 255858 shares. The stock had previously closed at $66.18.

Gemini Therapeutics Stock Performance

The firm’s 50 day simple moving average is $58.16 and its 200-day simple moving average is $50.13. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -63.50 and a beta of -0.12.

Gemini Therapeutics Company Profile

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Gemini Therapeutics, Inc, a clinical stage precision medicine company, engages in developing various therapeutic compounds for treating genetically defined age-related macular degeneration (AMD). Its lead candidate is GEM103, a recombinant form of the human complement factor H protein to treat dry AMD patients.

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