Argent BioPharma (LON:MXC) Shares Up 4.8% – Still a Buy?

Argent BioPharma Limited (LON:MXCGet Free Report) shot up 4.8% during trading on Friday . The stock traded as high as GBX 22 ($0.28) and last traded at GBX 22 ($0.28). 264 shares were traded during mid-day trading, a decline of 99% from the average session volume of 26,353 shares. The stock had previously closed at GBX 21 ($0.27).

Argent BioPharma Stock Performance

The stock has a market cap of £9.65 million, a price-to-earnings ratio of -13.25 and a beta of 1.03. The business has a 50-day simple moving average of GBX 22 and a two-hundred day simple moving average of GBX 21.75.

About Argent BioPharma

(Get Free Report)

MGC Pharmaceuticals Limited provides phytomedicines worldwide. The company produces and supplies medicinal cannabis products; and non-cannabis phytomedicines. Its principal product candidates include CimetrA, which is in phase III clinical trial for the symptomatic treatment of early COVID-19; CannEpil, a phase IIb cannabis-based therapy for drug-resistant Epilepsy; and CogniCann that is in phase II clinical trial for the symptomatic relief of Dementia.

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