What’s Ahead for Redx Pharma PLC After Today’s Huge Increase?

 What's Ahead for Redx Pharma PLC After Today's Huge Increase?

The stock of Redx Pharma PLC (LON:REDX) is a huge mover today! The stock increased 9.83% or GBX 4.25 on November 11, hitting GBX 47.5. About 199,327 shares traded hands. Redx Pharma PLC (LON:REDX) has risen 12.34% since April 12, 2016 and is uptrending. It has outperformed by 6.19% the S&P500.
The move comes after 9 months positive chart setup for the GBX 46.95 million company. It was reported on Nov, 11 by Barchart.com. We have GBX 121.13 PT which if reached, will make LON:REDX worth GBX 72.77M more.

Redx Pharma Plc, formerly Redx Pharma Ltd, is engaged in drug discovery, pre-clinical development and licensing. The company has a market cap of 46.95 million GBP. The Firm is engaged in drug discovery across cancer, infection and autoimmune diseases. It currently has negative earnings. The Firm has over two programs in its oncology research activity, Smoothened Hedgehog and Bruton’s Tyrosine Kinase (BTK), which has reached candidate nomination stage.

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