Chiome Bioscience Inc. experienced a robust rally this week, closing at ¥180.00 on Friday, marking a 20% gain from the previous close of ¥150.00. The stock achieved a weekly high of ¥195.00, touching the upper end of its 52-week range of ¥75.00 to ¥195.00.
The week began with the stock opening at ¥165.00, reaching an intraday high of ¥184.00 and closing at ¥177.00, setting a bullish tone for the days ahead. By Friday, trading volumes soared to an extraordinary 63.73 million, a significant jump from the average volume of 2.57 million.
Despite the impressive momentum, the company’s financial metrics highlight ongoing challenges, with negative earnings per share (EPS) of -¥21.13 and no price-to-earnings (PE) ratio reported. However, Chiome Bioscience’s market capitalization of ¥11.02 billion.
The beta value of 0.71 reflects moderate volatility, suggesting that the stock is more reactive to market trends than less volatile alternatives.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.