Zelira Therapeutics (OTCMKTS:ZLDAF) Trading 53.3% Higher – Here’s Why

Zelira Therapeutics Limited (OTCMKTS:ZLDAFGet Free Report) was up 53.3% during mid-day trading on Friday . The company traded as high as $0.4165 and last traded at $0.4165. Approximately 171 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 974 shares. The stock had previously closed at $0.2717.

Zelira Therapeutics Stock Performance

The business has a 50 day simple moving average of $0.25 and a 200 day simple moving average of $0.25.

Zelira Therapeutics Company Profile

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Zelira Therapeutics Ltd is a clinical-stage biotechnology company focused on the development and commercialization of proprietary cannabinoid-based therapies. The company leverages a portfolio of clinical and preclinical drug candidates designed to address unmet medical needs in areas such as chronic pain, autism spectrum disorder, Alzheimer’s disease and sleep disorders. Utilizing patented formulation and delivery platforms, Zelira aims to optimize efficacy and safety profiles of plant-derived cannabinoids.

The company pursues a dual geography strategy through its Australian and North American operations.

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