ImmuPharma (LON:IMM) Shares Up 39.7% – Time to Buy?

ImmuPharma plc (LON:IMMGet Free Report) shares rose 39.7% during trading on Tuesday . The company traded as high as GBX 7.14 ($0.09) and last traded at GBX 5.50 ($0.07). Approximately 53,455,387 shares traded hands during mid-day trading, an increase of 148% from the average daily volume of 21,559,516 shares. The stock had previously closed at GBX 3.94 ($0.05).

ImmuPharma Price Performance

The firm has a fifty day moving average of GBX 1.98 and a 200 day moving average of GBX 1.80. The stock has a market capitalization of £19.09 million, a price-to-earnings ratio of -458.40 and a beta of 1.53.

About ImmuPharma

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ImmuPharma PLC (LSE AIM: IMM) is a specialty biopharmaceutical company that discovers and develops peptide-based therapeutics. The Company’s portfolio includes novel peptide therapeutics for autoimmune diseases and anti-infectives. The lead program, P140 (Lupuzor™), is a first-in class autophagy immunomodulator for the treatment of Lupus and preclinical analysis suggest therapeutic activity for many other autoimmune diseases that share the same autophagy mechanism of action.

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