PharmaTher Holdings Ltd. (OTCMKTS:PHRRF – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $0.04 and traded as low as $0.0350. PharmaTher shares last traded at $0.0370, with a volume of 695,584 shares changing hands.
PharmaTher Stock Down 9.5%
The company’s fifty day simple moving average is $0.04 and its two-hundred day simple moving average is $0.05.
About PharmaTher
PharmaTher Holdings Ltd. is a specialty pharmaceutical company focused on developing ketamine- and psychedelic-based medicines. Its research targets potential uses in mental health, neurological disorders and pain, with ketamine as a central area of development. The company has pursued pharmaceutical formulations and delivery approaches for ketamine, as well as clinical development of ketamine for conditions including Parkinson’s disease. These programs are investigational; the company’s development work does not mean its products are approved treatments for those conditions.
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