Futura Medical (LON:FUM) Stock Price Up 11.1% – Time to Buy?

Shares of Futura Medical plc (LON:FUM) were up 11.1% during mid-day trading on Friday . The stock traded as high as GBX 38 ($0.49) and last traded at GBX 37.23 ($0.48). Approximately 1,577,831 shares were traded during mid-day trading, an increase of 161% from the average daily volume of 604,413 shares. The stock had previously closed at GBX 33.50 ($0.43).

Futura Medical Stock Performance

The firm has a market cap of £116.12 million, a P/E ratio of -3,436.00 and a beta of 1.25. The stock’s 50-day moving average is GBX 34.84 and its 200 day moving average is GBX 36.

Insider Buying and Selling at Futura Medical

In other news, insider James Henry Barder sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of GBX 41 ($0.53), for a total transaction of £102,500 ($133,082.32). Insiders own 32.14% of the company’s stock.

Futura Medical Company Profile

Futura Medical plc, a pharmaceutical company, develops pharmaceutical and healthcare products for the consumer healthcare markets focusing on sexual health and pain relief management. Its lead product is MED3000, a topical gel for the treatment of erectile dysfunction. The company also develops pain relief products, including TPR100, a topical diclofenac pain relief gel; CBD100, a topical cannabidiol formulation; and TIB200, a topical ibuprofen pain relief gel.