ImmuPharma (LON:IMM) Stock Price Down 8.3% – Here’s What Happened

ImmuPharma plc (LON:IMMGet Free Report) shares were down 8.3% on Wednesday . The stock traded as low as GBX 4.11 ($0.05) and last traded at GBX 4.59 ($0.06). Approximately 7,864,863 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 22,321,723 shares. The stock had previously closed at GBX 5 ($0.06).

ImmuPharma Price Performance

The stock has a 50-day simple moving average of GBX 2.28 and a 200-day simple moving average of GBX 1.89. The stock has a market cap of £19.10 million, a PE ratio of -458.70 and a beta of 1.53.

About ImmuPharma

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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 (Lupuzorâ„¢), 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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