Rhinomed (ASX:RNO) Stock Crosses Above 50-Day Moving Average of $0.30

Rhinomed Ltd (ASX:RNO)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.30 and traded as high as $0.25. Rhinomed shares last traded at $0.25, with a volume of 111,264 shares trading hands.

The firm has a market cap of $34.77 million and a price-to-earnings ratio of -5.83. The company has a fifty day moving average price of A$0.30 and a two-hundred day moving average price of A$0.23.

About Rhinomed (ASX:RNO)

Rhinomed Limited, a medical technology company, researches, develops, and commercializes consumer and medical devices. The company identifies, acquires, and commercializes late stage therapeutic delivery technologies. It markets Turbine, a nasal dilator designed to assist to breathe easier during aerobic exercise; and Mute, a nasal dilator designed to enhance sleep quality by breathing more and snoring less.

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