Argent BioPharma (LON:MXC) Stock Price Up 4.8% – Should You Buy?

Argent BioPharma Limited (LON:MXCGet Free Report)’s share price shot up 4.8% on Tuesday . The company 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 Trading Up 4.8 %

The firm’s 50 day simple moving average is GBX 22 and its 200-day simple moving average is GBX 21.73. The stock has a market capitalization of £9.65 million, a price-to-earnings ratio of -13.25 and a beta of 1.03.

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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