Gemini Therapeutics (NASDAQ:GMTX) Shares Down 2.8% – Here’s What Happened

Shares of Gemini Therapeutics, Inc. (NASDAQ:GMTXGet Free Report) fell 2.8% during mid-day trading on Tuesday . The company traded as low as $61.70 and last traded at $62.04. 200,522 shares were traded during mid-day trading, an increase of 6% from the average session volume of 189,291 shares. The stock had previously closed at $63.82.

Gemini Therapeutics Trading Down 2.8 %

The firm has a 50-day moving average of $62.17 and a 200 day moving average of $52.47. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of -62.04 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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