Faron Pharmaceuticals Oy (LON:FARN) Reaches New 12-Month Low – Here’s Why

Faron Pharmaceuticals Oy (LON:FARNGet Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 34 and last traded at GBX 34.55, with a volume of 121483 shares changing hands. The stock had previously closed at GBX 35.

Faron Pharmaceuticals Oy Stock Down 1.3%

The firm has a 50 day simple moving average of GBX 40.59 and a two-hundred day simple moving average of GBX 43.80. The company has a market capitalization of £70.10 million, a PE ratio of -3.00 and a beta of 1.12. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 155.01.

About Faron Pharmaceuticals Oy

(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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