InMed Pharmaceuticals Inc. (OTCMKTS:IMLFF – Get Free Report)’s stock price was down 3.6% during mid-day trading on Wednesday . The stock traded as low as $4.77 and last traded at $4.79. Approximately 20,203 shares changed hands during trading, an increase of 78% from the average daily volume of 11,369 shares. The stock had previously closed at $4.97.
InMed Pharmaceuticals Stock Down 5.8 %
The firm’s 50-day moving average is $3.91 and its 200 day moving average is $1.52.
About InMed Pharmaceuticals
InMed Pharmaceuticals Inc, a clinical stage pharmaceutical company, researches and develops cannabinoid-based therapies. The company's lead product is INM-755, a cannabinol topical cream, which is in a second Phase I clinical trials for the treatment of epidermolysis bullosa. The company is also involved in developing INM-088, which is in preclinical studies for the treatment of glaucoma; and INM-405 for the treatment of orofacial pain.
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