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Edesa Biotech's Stock Price And Volume Action
Edesa Biotech (NASDAQ:EDSA) is currently up 5.91% to a price of $5.91. Monday the stock has been traded at a volume of 656.23 thousand, about 183.14% of its recent 30-day volume average of 358.32 thousand.
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Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Edesa Biotech shares are trading higher after the company announced it received FDA and Health Canada approval to add to its sub-study for its Phase 2/3 of its EB05 as potential rescue therapy for critically Covid-19.
Perspective On Recent Price Action
The stock's 50-day moving average was $5.92 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $19.1 and fallen to a low of $1.6.
If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.