(24/7 MARKET NEWS) – Cingulate Inc. (NASDAQ: CING) reported, after yesterday’s afterhours, positive top-line results from the CTx-1301-003 study assessing the effect of food on absorption of its lead candidate CTx-1301, which demonstrated that CTx-1301 can be taken with or without food.
Cingulate is at $1.84, up $0.75 (+68.47%), on trading volume of 6.2 million premarket shares.
Its 52-week trading range is $0.664 to $2.20. It blew through multiple resistance levels and is targeting the $2 resistance level from August. It opened this morning’s premarket trading at $2.20 and, if it can break through that level, on strong volume, this would likely run to the $3 level, but it may pullback some before the regular session kicks off.
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