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Faron Pharmaceuticals Oy (LON:FARN) Stock Price Passes Below Fifty Day Moving Average - Here's What Happened

Faron Pharmaceuticals Oy logo with Medical background

Faron Pharmaceuticals Oy (LON:FARN - Get Free Report)'s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 171.53 ($2.16) and traded as low as GBX 167.70 ($2.11). Faron Pharmaceuticals Oy shares last traded at GBX 167.80 ($2.11), with a volume of 3,575 shares traded.

Faron Pharmaceuticals Oy Trading Down 4.7 %

The company has a 50 day moving average of GBX 170.85 and a two-hundred day moving average of GBX 167.65. The stock has a market capitalization of £169.48 million, a PE ratio of -506.25 and a beta of 0.36. The company has a debt-to-equity ratio of 922.55, a quick ratio of 1.09 and a current ratio of 1.45.

Faron Pharmaceuticals Oy Company Profile

(Get Free Report)

Faron (AIM: FARN, First North: FARON) is a clinical stage biopharmaceutical company developing novel treatments for medical conditions with significant unmet needs. The Company currently has a pipeline based on the receptors involved in regulation of immune response in oncology and organ damage. Clevegen (bexmarilimab), its investigative precision immunotherapy, is a novel anti-Clever-1 antibody with the ability to switch immune suppression to immune activation in various conditions, with potential across oncology, infectious disease and vaccine development.

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