Aerpio Pharmaceuticals Inc (NASDAQ:ARPO) is having a trending day as the stock continues to move higher even gapping up.
This morning the company reported first-quarter results ended March 31, 2021, and provided a business update.
The company said that Net loss during the quarter came in at $4.4 million, or 9 cents a share, compared to $3.9 million, or 10 cents a share, for the same period in 2020. As of March 31, 2021, cash and cash equivalents totaled $39.0 million, compared to $42.6 million as of December 31, 2020.
ARPO stock is skyrocketing 61.21% and now trading at the highest point of the session of $1.87. The stock has soared 78% so far in 2021. The stock is now just 20% away from its 52-week high of $2.31.
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