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Scancell (LON:SCLP) Stock Passes Above 50 Day Moving Average - Here's Why

Scancell logo with Medical background

Key Points

  • Scancell Holdings plc's stock price recently crossed above its 50-day moving average of GBX 10.03, closing last at GBX 9.52 with a trading volume of 177,939 shares.
  • The company has a market capitalization of £108.97 million and reported a significant earnings per share of GBX -1.26 for the last quarter.
  • Insider activity has been notable, with corporate insiders purchasing a total of 7,652,236 shares over the past three months, which indicates strong confidence in the company's future.
  • Interested in Scancell? Here are five stocks we like better.

Scancell Holdings plc (LON:SCLP - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 10.03 ($0.14) and traded as high as GBX 10.45 ($0.14). Scancell shares last traded at GBX 9.52 ($0.13), with a volume of 177,939 shares changing hands.

Scancell Stock Performance

The company has a market capitalization of £108.97 million, a PE ratio of -504.81 and a beta of 0.35. The company has a debt-to-equity ratio of -566.79, a quick ratio of 13.01 and a current ratio of 3.42. The company has a 50 day moving average price of GBX 10.03 and a 200 day moving average price of GBX 9.70.

Scancell (LON:SCLP - Get Free Report) last released its earnings results on Thursday, September 11th. The company reported GBX (1.26) EPS for the quarter. Equities analysts forecast that Scancell Holdings plc will post -2.5361112 EPS for the current year.

Insider Activity at Scancell

In other news, insider Martin Diggle purchased 4,400,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of GBX 10 per share, with a total value of £440,000. In the last three months, insiders purchased 7,652,236 shares of company stock worth $73,474,596. Corporate insiders own 15.15% of the company's stock.

Scancell Company Profile

(Get Free Report)

Scancell LSE: SCLP is a clinical stage immunotherapy biotech company developing treatments for significant unmet needs in cancer. We aim to translate our innovation and creativity into increased and durable responses in patients without compromising safety, addressing hard-to-treat cancers. Scancell has developed a pipeline of ‘off-the-shelf' vaccines to induce immune responses and highly tumour specific monoclonal antibodies to redirect immune cells or drugs.

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