ImmuPharma (LON:IMM) Stock Price Up 23.6% – Here’s Why

ImmuPharma plc (LON:IMMGet Free Report) shares shot up 23.6% during mid-day trading on Friday . The company traded as high as GBX 4.70 ($0.06) and last traded at GBX 4.33 ($0.05). 77,650,875 shares traded hands during mid-day trading, an increase of 186% from the average session volume of 27,131,590 shares. The stock had previously closed at GBX 3.50 ($0.04).

ImmuPharma Stock Performance

The business has a fifty day simple moving average of GBX 1.44 and a 200-day simple moving average of GBX 1.65. The firm has a market cap of £15.30 million, a price-to-earnings ratio of -367.30 and a beta of 1.53.

About ImmuPharma

(Get Free Report)

ImmuPharma plc, a biopharmaceutical company, discovers and develops peptide-based therapeutics. Its peptide-based therapeutics are used in the therapy areas of autoimmunity and inflammation, and anti-infectives. The company's lead product candidate is the Lupuzor, an autophagy immunomodulator, which is in Phase III clinical trial for the treatment of lupus, an autoimmune chronic inflammatory disease.

Further Reading

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