Cortexyme (NASDAQ:CRTX) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Cortexyme, Inc. (NASDAQ:CRTXGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.26 and traded as high as $3.1848. Cortexyme shares last traded at $2.98, with a volume of 701,706 shares.

Cortexyme Stock Down 3.2%

The company has a 50-day moving average of $3.27 and a 200-day moving average of $2.26. The company has a market cap of $89.85 million, a PE ratio of -1.00 and a beta of 1.40.

About Cortexyme

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Cortexyme, Inc is a clinical-stage biotechnology company focused on the development of treatments for Alzheimer’s disease and other chronic conditions associated with bacterial proteases. The company’s research centers on targeting virulence factors produced by the oral pathogen Porphyromonas gingivalis, an organism increasingly implicated in neurodegeneration. By inhibiting the activity of gingipains—proteolytic enzymes secreted by P. gingivalis—Cortexyme aims to reduce inflammation and tissue damage in the brain and other organs.

The company’s lead product candidate, atuzaginstat (COR388), is a small-molecule inhibitor designed to cross the blood–brain barrier and neutralize gingipain activity.

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