Futura Medical (LON:FUM) Stock Price Down 50.4% – Here’s Why

Futura Medical plc (LON:FUM)’s share price fell 50.4% during mid-day trading on Thursday . The stock traded as low as GBX 12 ($0.15) and last traded at GBX 15.37 ($0.19). 7,146,634 shares changed hands during mid-day trading, an increase of 1,069% from the average session volume of 611,389 shares. The stock had previously closed at GBX 31 ($0.38).

Futura Medical Trading Up 2.8 %

The firm has a market cap of £51.29 million, a PE ratio of -1,696.00 and a beta of 1.25. The stock’s 50 day moving average price is GBX 31.40 and its 200 day moving average price is GBX 33.86.

About Futura Medical

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.