Insider Selling: Fennec Pharmaceuticals (TSE:FRX) Director Sells 9,747 Shares of Stock

Fennec Pharmaceuticals Inc. (TSE:FRXGet Free Report) Director Rostislav Christov Raykov sold 9,747 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of C$13.23, for a total transaction of C$128,952.81. Following the completion of the transaction, the director owned 2,746,104 shares of the company’s stock, valued at approximately C$36,330,955.92. The trade was a 0.35% decrease in their ownership of the stock.

Rostislav Christov Raykov also recently made the following trade(s):

  • On Monday, June 1st, Rostislav Christov Raykov bought 15,597 shares of Fennec Pharmaceuticals stock. The shares were acquired at an average price of C$3.37 per share, for a total transaction of C$52,561.89.

Fennec Pharmaceuticals Price Performance

FRX remained flat at C$12.72 during trading on Thursday. The company’s stock had a trading volume of 1,030 shares, compared to its average volume of 1,286. The firm has a market cap of C$441.85 million, a PE ratio of -43.86 and a beta of 3.52. Fennec Pharmaceuticals Inc. has a 1-year low of C$7.59 and a 1-year high of C$14.24. The business’s 50-day moving average is C$10.30 and its 200 day moving average is C$10.62.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial raised Fennec Pharmaceuticals to a “strong-buy” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Fennec Pharmaceuticals presently has a consensus rating of “Strong Buy”.

Get Our Latest Stock Analysis on FRX

Fennec Pharmaceuticals Company Profile

(Get Free Report)

Fennec Pharmaceuticals Inc is a specialty pharmaceutical company committed to the fight against ototoxicity in cancer patients who receive cisplatin-based chemotherapy. Fennec is focused on the commercialization of PEDMARK® to reduce the risk of platinum-induced ototoxicity in cancer patients. PEDMARK received FDA approval in September 2022 and European Commission approval in June 2023 and United Kingdom ( U.K. ) approval in October 2023 under the brand name PEDMARQSI®. In March 2024, Fennec entered into an exclusive licensing agreement under which Norgine Pharmaceuticals Ltd., a leading European specialist pharmaceutical company, with rights to commercialize PEDMARQSI® in Europe, U.K., Australia and New Zealand.

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Insider Buying and Selling by Quarter for Fennec Pharmaceuticals (TSE:FRX)

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