ImmuPharma (LON:IMM) Shares Down 7.8% – Here’s What Happened

ImmuPharma plc (LON:IMMGet Free Report) shares dropped 7.8% during mid-day trading on Friday . The stock traded as low as GBX 4.33 and last traded at GBX 4.33. Approximately 461,123 shares changed hands during trading, a decline of 85% from the average daily volume of 3,016,400 shares. The stock had previously closed at GBX 4.70.

ImmuPharma Trading Down 8.3%

The firm has a market cap of £26.86 million, a P/E ratio of -4.84 and a beta of 2.98. The company’s 50 day simple moving average is GBX 4.77 and its 200-day simple moving average is GBX 6.44.

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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