ImmuPharma (LON:IMM) Shares Up 23.8% – Here’s Why

ImmuPharma plc (LON:IMMGet Free Report) shot up 23.8% during trading on Saturday . The company traded as high as GBX 5.70 ($0.07) and last traded at GBX 4.83 ($0.06). 16,731,404 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 21,725,510 shares. The stock had previously closed at GBX 3.90 ($0.05).

ImmuPharma Price Performance

The company has a market cap of £20.11 million, a PE ratio of -483.00 and a beta of 1.53. The company’s 50 day simple moving average is GBX 2.46 and its two-hundred day simple moving average is GBX 1.95.

ImmuPharma Company Profile

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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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