Argent BioPharma (LON:MXC) Shares Up 4.8% – Here’s Why

Argent BioPharma Limited (LON:MXCGet Free Report) shares rose 4.8% during mid-day trading on Tuesday . The stock traded as high as GBX 22 ($0.28) and last traded at GBX 22 ($0.28). Approximately 264 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 26,353 shares. The stock had previously closed at GBX 21 ($0.27).

Argent BioPharma Trading Up 4.8 %

The firm has a market capitalization of £9.65 million, a P/E ratio of -13.25 and a beta of 1.03. The company has a 50 day moving average of GBX 22 and a 200-day moving average of GBX 21.73.

About Argent BioPharma

(Get Free Report)

MGC Pharmaceuticals Limited provides phytomedicines worldwide. The company produces and supplies medicinal cannabis products; and non-cannabis phytomedicines. Its principal product candidates include CimetrA, which is in phase III clinical trial for the symptomatic treatment of early COVID-19; CannEpil, a phase IIb cannabis-based therapy for drug-resistant Epilepsy; and CogniCann that is in phase II clinical trial for the symptomatic relief of Dementia.

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