Molecular Partners (OTCMKTS:MLLCF) Trading 11.1% Higher – Still a Buy?

Molecular Partners AG (OTCMKTS:MLLCFGet Free Report) was up 11.1% on Thursday . The stock traded as high as $5.00 and last traded at $5.00. Approximately 700 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 485 shares. The stock had previously closed at $4.50.

Molecular Partners Stock Performance

The business has a 50 day moving average of $5.23 and a 200-day moving average of $5.89.

Molecular Partners Company Profile

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Molecular Partners AG operates as a clinical-stage biopharmaceutical company, develops designed ankyrin repeat proteins therapeutics for the treatment of oncology and virology diseases in Switzerland. The company develops MP0317 which is in Phase I clinical trials, a CD40 agonist designed to activate immune cells within the tumor microenvironment by anchoring to fibroblast activation protein; and MP0533, a novel tetra-specific T cell-engaging DARPin for acute myeloid leukemia.

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