Anebulo Pharmaceuticals, Inc. (NASDAQ:ANEB – Get Free Report)’s share price was down 7.8% during trading on Friday . The stock traded as low as $0.3044 and last traded at $0.3044. Approximately 100 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 34,430 shares. The stock had previously closed at $0.33.
Anebulo Pharmaceuticals Stock Performance
The company has a market capitalization of $12.41 million, a price-to-earnings ratio of -1.60 and a beta of -1.82. The business’s 50 day moving average is $0.36 and its 200 day moving average is $0.53.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Anebulo Pharmaceuticals stock. Goldman Sachs Group Inc. acquired a new position in shares of Anebulo Pharmaceuticals, Inc. (NASDAQ:ANEB – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 47,954 shares of the company’s stock, valued at approximately $62,000. Goldman Sachs Group Inc. owned 0.12% of Anebulo Pharmaceuticals at the end of the most recent quarter. 28.40% of the stock is currently owned by institutional investors and hedge funds.
Anebulo Pharmaceuticals Company Profile
Anebulo Pharmaceuticals, Inc (NASDAQ:ANEB) is a clinical?stage biopharmaceutical company focused on the development of intranasal therapies for the acute treatment of migraine. Its lead product candidate, ANEB-001, is an intranasal formulation of dihydroergotamine mesylate designed to provide rapid relief from migraine attacks while reducing common gastrointestinal side effects associated with oral treatments.
The company is advancing ANEB-001 through pivotal trials in the United States and plans to submit a new drug application to the U.S.
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