Merus Labs International Inc. (MSLI) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 23. At the lunch break, shares of MSLI have clocked gains of 4.76% to $1.1 after closing the day prior at $1.05. In the first two and a half hours of trading, the stock has gone as high as $1.1 and as low as $1.07. Today’s rise has come with about 21,526 shares changing hands, compared to an average 30-day volume of 46,131 for Merus Labs International Inc.. The price is currently below the 30-day volume weighted average price of $1.08 for MSLI.
The share appreciation gives the company a market capitalization of $122.85 million based upon 117.0 million shares outstanding. It also means that MSLI has a price-to-book ratio of 0.82:1.
In the past 52 weeks, shares of MSLI have traded as low as $0.924 and as high as $1.9. Technical traders will take note that at $1.1, shares of MSLI are trading below their 200-day MA at $1.32 and below their 50-day MA at $1.13. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is MSLI?
Merus Labs International Inc is a specialty pharmaceutical company. The Company acquires and licenses novel pharmaceutical products. The company’s 10 employees are led by CEO Barry Fishman from the corporate headquarters at 100 Wellington Street West in Toronto, ON.
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