Zelira Therapeutics (OTCMKTS:ZLDAF) Shares Down 13.3% – Here’s Why

Shares of Zelira Therapeutics Limited (OTCMKTS:ZLDAFGet Free Report) fell 13.3% during mid-day trading on Monday . The stock traded as low as $0.26 and last traded at $0.26. 222 shares traded hands during trading, a decline of 67% from the average session volume of 670 shares. The stock had previously closed at $0.30.

Zelira Therapeutics Stock Down 13.3%

The business’s fifty day simple moving average is $0.32 and its 200 day simple moving average is $0.35.

About Zelira Therapeutics

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Zelira Therapeutics Ltd is a clinical-stage biotechnology company focused on the development and commercialization of proprietary cannabinoid-based therapies. The company leverages a portfolio of clinical and preclinical drug candidates designed to address unmet medical needs in areas such as chronic pain, autism spectrum disorder, Alzheimer’s disease and sleep disorders. Utilizing patented formulation and delivery platforms, Zelira aims to optimize efficacy and safety profiles of plant-derived cannabinoids.

The company pursues a dual geography strategy through its Australian and North American operations.

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