ImmuPharma (LON:IMM) Stock Price Down 18% – Here’s Why

Shares of ImmuPharma plc (LON:IMMGet Free Report) traded down 18% on Wednesday . The company traded as low as GBX 4.60 ($0.06) and last traded at GBX 4.84 ($0.06). 61,560,121 shares traded hands during mid-day trading, an increase of 142% from the average session volume of 25,488,205 shares. The stock had previously closed at GBX 5.90 ($0.07).

ImmuPharma Stock Performance

The stock has a market cap of £20.74 million, a price-to-earnings ratio of -498.00 and a beta of 1.53. The company has a 50-day simple moving average of GBX 1.92 and a two-hundred day simple moving average of GBX 1.78.

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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