ImmuPharma (LON:IMM) Shares Down 7.8% – Time to Sell?

ImmuPharma plc (LON:IMMGet Free Report) was down 7.8% during mid-day trading on Wednesday . The company traded as low as GBX 2.50 ($0.03) and last traded at GBX 2.67 ($0.03). Approximately 2,364,745 shares changed hands during trading, a decline of 79% from the average daily volume of 11,474,686 shares. The stock had previously closed at GBX 2.90 ($0.04).

ImmuPharma Price Performance

The firm’s fifty day simple moving average is GBX 3.92 and its 200 day simple moving average is GBX 2.48. The company has a market capitalization of £11.35 million, a PE ratio of -4.62 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 (Lupuzorâ„¢), 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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