ImmuPharma (LON:IMM) Shares Up 86.7% – Here’s Why

ImmuPharma plc (LON:IMMGet Free Report)’s stock price rose 86.7% during mid-day trading on Thursday . The company traded as high as GBX 2.49 ($0.03) and last traded at GBX 2.24 ($0.03). Approximately 12,117,709 shares changed hands during mid-day trading, an increase of 314% from the average daily volume of 2,929,006 shares. The stock had previously closed at GBX 1.20 ($0.01).

ImmuPharma Trading Up 4.9 %

The company’s 50 day simple moving average is GBX 1.40 and its 200-day simple moving average is GBX 1.65. The company has a market capitalization of £15.30 million, a price-to-earnings ratio of -367.30 and a beta of 1.53.

About ImmuPharma

(Get Free Report)

ImmuPharma plc, a biopharmaceutical company, discovers and develops peptide-based therapeutics. Its peptide-based therapeutics are used in the therapy areas of autoimmunity and inflammation, and anti-infectives. The company's lead product candidate is the Lupuzor, an autophagy immunomodulator, which is in Phase III clinical trial for the treatment of lupus, an autoimmune chronic inflammatory disease.

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