Avacta Group (AVCT) Reaches New 1-Year Low at $37.00

Avacta Group Plc (LON:AVCT) shares reached a new 52-week low on Monday . The stock traded as low as GBX 37 ($0.51) and last traded at GBX 37.50 ($0.52), with a volume of 14496 shares changing hands. The stock had previously closed at GBX 37.50 ($0.52).

Separately, FinnCap reiterated a “corporate” rating and issued a GBX 200 ($2.76) price target on shares of Avacta Group in a report on Monday, January 15th.

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The stock has a market cap of $28.15 and a price-to-earnings ratio of -416.67.

In other Avacta Group news, insider Alastair Smith acquired 35,800 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average price of GBX 42 ($0.58) per share, with a total value of £15,036 ($20,773.69).

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Avacta Group Company Profile

Avacta Group plc is a biotechnology company. Avacta’s focus is on its proprietary Affimer technology which is an engineered alternative to antibodies that has application in Life Sciences for diagnostics, therapeutics and general research and development. Affimer technology has been designed to address performance limitations of antibodies.

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