DelMar Pharmaceuticals, Inc. (DMPI) Stock Rating Reaffirmed by Maxim Group
DelMar Pharmaceuticals, Inc. (NASDAQ:DMPI)‘s stock had its “hold” rating reissued by equities researchers at Maxim Group in a research note issued on Monday.
The analysts wrote, “Delmar announced news of another Phase II trial (biomarker driven), N=20-30 in newly diagnosed MGMT-unmethylated glioblastoma multiforme (GBM). The trial will be funded by Guangxi Wuzhou Pharmaceutical Group Co. (private). Management states that data is expected 9-15 months from the time the trial begins.””
DMPI has been the topic of a number of other reports. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of DelMar Pharmaceuticals in a research note on Tuesday, May 30th. Dawson James reissued a “buy” rating on shares of DelMar Pharmaceuticals in a research note on Tuesday, August 8th.
DelMar Pharmaceuticals (DMPI) opened at 1.29 on Monday. DelMar Pharmaceuticals has a 52-week low of $1.13 and a 52-week high of $7.07. The firm has a 50-day moving average of $1.58 and a 200-day moving average of $2.60. The firm’s market cap is $17.36 million.
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A hedge fund recently bought a new stake in DelMar Pharmaceuticals stock. Franklin Resources Inc. purchased a new position in DelMar Pharmaceuticals, Inc. (NASDAQ:DMPI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,076,923 shares of the company’s stock, valued at approximately $2,477,000. 13.84% of the stock is currently owned by hedge funds and other institutional investors.
About DelMar Pharmaceuticals
DelMar Pharmaceuticals, Inc is a clinical-stage drug development company. The Company focuses on the treatment of cancer. The Company is engaged in conducting clinical trials in the United States with its product candidate, VAL-083, as a treatment for glioblastoma multiforme (GBM), a form of brain cancer.
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