Altamira Therapeutics (NASDAQ:CYTO) Shares Down 25.9% – Here’s Why

Altamira Therapeutics Ltd. (NASDAQ:CYTOGet Free Report) dropped 25.9% during mid-day trading on Thursday . The stock traded as low as $0.30 and last traded at $0.30. Approximately 753,013 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 697,326 shares. The stock had previously closed at $0.41.

Altamira Therapeutics Stock Down 25.9 %

The firm’s 50 day simple moving average is $0.40 and its 200-day simple moving average is $0.73.

Altamira Therapeutics Company Profile

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Altamira Therapeutics Ltd. operates as a preclinical-stage biopharmaceutical company in Switzerland and Australia. The company develops and supplies OligoPhore/SemaPhore platforms, which are peptide-based nanoparticle technologies for ribonucleic acid delivery to extrahepatic tissues. Its commercial products include Bentrio, a drug-free nasal spray for personal protection against airborne viruses and allergens.

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