ImmuPharma (LON:IMM) Shares Down 14.6% – Here’s What Happened

Shares of ImmuPharma plc (LON:IMMGet Free Report) dropped 14.6% during mid-day trading on Tuesday . The company traded as low as GBX 3.20 ($0.04) and last traded at GBX 3.20 ($0.04). Approximately 13,200,714 shares traded hands during trading, a decline of 53% from the average daily volume of 28,314,303 shares. The stock had previously closed at GBX 3.75 ($0.05).

ImmuPharma Price Performance

The business has a 50 day moving average price of GBX 1.48 and a 200 day moving average price of GBX 1.66. The firm has a market capitalization of £13.33 million, a P/E ratio of -320.00 and a beta of 1.53.

ImmuPharma Company Profile

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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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