Faron Pharmaceuticals Oy (LON:FARN) Sets New 12-Month Low – What’s Next?

Shares of Faron Pharmaceuticals Oy (LON:FARNGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 34 and last traded at GBX 35, with a volume of 48944 shares. The stock had previously closed at GBX 35.

Faron Pharmaceuticals Oy Trading Up 2.9%

The firm has a 50-day moving average of GBX 39.49 and a 200 day moving average of GBX 42.76. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 154.15. The stock has a market capitalization of £73.04 million, a price-to-earnings ratio of -3.13 and a beta of 1.12.

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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