Qualigen Therapeutics (NASDAQ:QLGN) Trading Down 4% – Here’s Why

Qualigen Therapeutics, Inc. (NASDAQ:QLGNGet Free Report)’s stock price fell 4% during mid-day trading on Thursday . The stock traded as low as $1.3801 and last traded at $1.43. 1,447,315 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 1,521,488 shares. The stock had previously closed at $1.49.

Qualigen Therapeutics Trading Down 4.0%

The company has a market capitalization of $2.42 million, a P/E ratio of -0.19 and a beta of 0.24. The company has a 50 day moving average price of $1.35 and a 200 day moving average price of $1.67.

About Qualigen Therapeutics

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Qualigen Therapeutics, Inc (NASDAQ: QLGN) is a life sciences company headquartered in Westminster, Colorado, that combines immunodiagnostic reagents with novel immuno-oncology therapies. Operating through two primary business units—Qualigen Diagnostic Solutions and Qualigen BioTherapeutics—the company seeks to leverage its expertise in antibody engineering and assay development to address both clinical laboratory needs and unmet medical needs in oncology.

Through its Qualigen Diagnostic Solutions division, the company designs, manufactures and distributes immunoassay reagents, kits and related consumables for use in clinical and research laboratories.

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