Shares of InMed Pharmaceuticals Inc. (OTCMKTS:IMLFF – Get Free Report) shot up 0.2% on Monday . The stock traded as high as $4.97 and last traded at $4.66. 32,751 shares changed hands during mid-day trading, an increase of 188% from the average session volume of 11,369 shares. The stock had previously closed at $4.65.
InMed Pharmaceuticals Stock Down 3.4 %
The business has a 50 day moving average price of $0.85 and a 200 day moving average price of $0.47.
About InMed Pharmaceuticals
InMed Pharmaceuticals Inc, a clinical stage pharmaceutical company, researches and develops cannabinoid-based therapies. The company's lead product is INM-755, a cannabinol topical cream, which is in a second Phase I clinical trials for the treatment of epidermolysis bullosa. The company is also involved in developing INM-088, which is in preclinical studies for the treatment of glaucoma; and INM-405 for the treatment of orofacial pain.
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