Mateon Therapeutics (OTCMKTS:MATN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Mateon Therapeutics, Inc. (OTCMKTS:MATNGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.03 and traded as high as $0.03. Mateon Therapeutics shares last traded at $0.03, with a volume of 43,156 shares traded.

Mateon Therapeutics Stock Performance

The firm’s 50-day simple moving average is $0.04 and its 200 day simple moving average is $0.03.

About Mateon Therapeutics

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Mateon Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in developing drugs for the treatment of orphan oncology indications. The company's lead product candidate is OT-101, an antisense against TGF-beta, which is in phase 3 clinical trials for pancreatic cancer and glioblastoma, as well as develops OT-101 for the treatment of various viruses, including severe acute respiratory syndrome and coronavirus.

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