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Adlai Nortye (NASDAQ:ANL) Trading 1.3% Higher - What's Next?

Adlai Nortye logo with Medical background

Adlai Nortye Ltd. Sponsored ADR (NASDAQ:ANL - Get Free Report)'s share price shot up 1.3% during mid-day trading on Friday . The stock traded as high as $1.52 and last traded at $1.52. 4,448 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 12,182 shares. The stock had previously closed at $1.50.

Analyst Upgrades and Downgrades

Separately, HC Wainwright downgraded Adlai Nortye from a "buy" rating to a "neutral" rating in a research note on Monday, June 2nd.

Read Our Latest Research Report on ANL

Adlai Nortye Stock Performance

The business has a fifty day moving average of $1.66 and a 200-day moving average of $1.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.41 and a current ratio of 1.41.

About Adlai Nortye

(Get Free Report)

Adlai Nortye Ltd., a clinical-stage biotechnology company, focuses on the discovery and development of cancer therapies in the United States and Mainland China. Its lead product is AN2025, a pan-phosphoinositide 3-kinase inhibitor, which is in Phase III clinical trial for the treatment of recurrent or metastatic head and neck squamous cell carcinomas.

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