Eloxx Pharmaceuticals (NASDAQ:ELOX) Trading 750,000% Higher – Here’s Why

Shares of Eloxx Pharmaceuticals, Inc. (NASDAQ:ELOXGet Free Report) were up 750,000% on Monday . The stock traded as high as $0.75 and last traded at $0.75. Approximately 225 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 3,042 shares. The stock had previously closed at $0.00.

Eloxx Pharmaceuticals Price Performance

The company’s 50 day moving average is $0.25.

Eloxx Pharmaceuticals Company Profile

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Eloxx Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on developing ribosome modulation for the treatment of rare and ultra-rare premature stop codon diseases. Its lead investigational drug product candidate is ELX-02, which is in Phase 2 clinical trial for the treatment of cystic fibrosis and nephropathic cystinosis patients with diagnosed nonsense mutations.

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