Shares of Prana Biotechnology Ltd. (NASDAQ:PRAN) gapped up before the market opened on Friday . The stock had previously closed at $4.48, but opened at $4.50. Prana Biotechnology shares last traded at $4.60, with a volume of 14,196 shares trading hands.

Separately, Zacks Investment Research raised shares of Prana Biotechnology from a “sell” rating to a “hold” rating in a research note on Friday, June 24th.

The stock’s 50 day moving average is $4.61 and its 200 day moving average is $3.73. The company’s market capitalization is $6.82 million.

Prana Biotechnology Limited (Prana) is an Australia-based development stage medical biotechnology Company. The Company is engaged in commercializing research into Alzheimer’s disease, Huntington disease and other major age-related degenerative disorders. The Company’s lead drug candidate, PBT2 is being developed for the treatment of Alzheimer’s and Huntington’s diseases.

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