Faron Pharmaceuticals Oy (LON:FARN) Reaches New 52-Week Low – What’s Next?

Faron Pharmaceuticals Oy (LON:FARN – Get Free Report)’s stock price reached a new 52-week low on Thursday. The stock traded as low as GBX 32 and last traded at GBX 32.50, with a volume of 27,079 shares. The stock had previously closed at GBX 36.

Faron Pharmaceuticals Oy Price Performance

The company has a 50 day moving average price of GBX 36.71 and a 200-day moving average price of GBX 40.68. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 154.15. The company has a market cap of £64.96 million, a price-to-earnings ratio of -2.78 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.

Further Reading

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