Oxford Cannabinoid Technologies (LON:OCTP) Stock Price Down 4.2% – Here’s Why

Oxford Cannabinoid Technologies Holdings Plc (LON:OCTPGet Free Report) dropped 4.2% during mid-day trading on Friday . The company traded as low as GBX 0.12 ($0.00) and last traded at GBX 0.12 ($0.00). Approximately 11,402,242 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 9,326,041 shares. The stock had previously closed at GBX 0.12 ($0.00).

Oxford Cannabinoid Technologies Stock Performance

The stock’s 50 day moving average price is GBX 0.12 and its 200 day moving average price is GBX 0.17. The company has a market capitalization of £1.25 million, a P/E ratio of -53.10 and a beta of 0.82.

Oxford Cannabinoid Technologies Company Profile

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Oxford Cannabinoid Technologies Holdings Plc, a pharmaceutical company, engages in the research, development, and commercialization of cannabinoid-based prescription medicines. Its lead drug candidate consists of OCT461201, an CB2 receptor, that is in phase I clinical trial for use in the treatment of chemotherapy-induced peripheral neuropathy and irritable bowel syndrome (IBS), as well as in neuropathic and visceral pain conditions.

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