ImmuPharma (LON:IMM) Shares Down 12.2% – Here’s Why

Shares of ImmuPharma plc (LON:IMMGet Free Report) dropped 12.2% on Thursday . The company traded as low as GBX 5.84 and last traded at GBX 6.50. Approximately 9,235,788 shares changed hands during trading, an increase of 16% from the average daily volume of 7,959,112 shares. The stock had previously closed at GBX 7.40.

ImmuPharma Stock Performance

The business has a fifty day simple moving average of GBX 10.72 and a 200-day simple moving average of GBX 5.88. The firm has a market cap of £32.68 million, a price-to-earnings ratio of -7.30 and a beta of 1.53.

About ImmuPharma

(Get Free Report)

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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