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Faron Pharmaceuticals Oy (LON:FARN) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Faron Pharmaceuticals Oy logo with Medical background

Faron Pharmaceuticals Oy (LON:FARN - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 218.04 ($2.94) and traded as high as GBX 220 ($2.97). Faron Pharmaceuticals Oy shares last traded at GBX 214 ($2.89), with a volume of 13,867 shares changing hands.

Faron Pharmaceuticals Oy Trading Down 5.8%

The company has a market cap of £271.93 million, a PE ratio of -5.42 and a beta of 0.36. The company's 50 day simple moving average is GBX 218.43 and its two-hundred day simple moving average is GBX 201.04. The company has a debt-to-equity ratio of 922.55, a current ratio of 1.45 and a quick ratio of 1.09.

Insider Activity at Faron Pharmaceuticals Oy

In other news, insider Markku Jalkanen sold 600,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of GBX 310 ($4.18), for a total transaction of £1,860,000 ($2,508,428.86). Corporate insiders own 31.82% of the company's stock.

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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