ESSA Pharma (EPIX) Upgraded by Zacks Investment Research to Buy

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ESSA Pharma (NASDAQ:EPIX) (TSE:EPI) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The brokerage currently has a $2.50 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 25.00% from the stock’s current price.

According to Zacks, “ESSA Pharma Inc. is a pharmaceutical company. The company focused on the development of small molecule drugs for the treatment of cancer, with focus on advanced prostate cancer. ESSA Pharma Inc. is based in Vancouver, Canada. “

Separately, HC Wainwright reissued a “buy” rating on shares of ESSA Pharma in a research note on Friday, May 17th.

NASDAQ:EPIX traded down $0.15 on Wednesday, reaching $2.00. The company’s stock had a trading volume of 4,040 shares, compared to its average volume of 9,684. ESSA Pharma has a 1-year low of $1.87 and a 1-year high of $4.69. The company has a current ratio of 2.44, a quick ratio of 3.54 and a debt-to-equity ratio of 0.60. The stock has a market cap of $13.57 million, a price-to-earnings ratio of -0.78 and a beta of 2.35.

ESSA Pharma Company Profile

ESSA Pharma Inc, a pharmaceutical company, focuses on the development of small molecule drugs for the treatment of prostate cancer. The company was founded in 2009 and is headquartered in Vancouver, Canada.

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