Prana Biotechnology Ltd. (PRAN) Stock Price Up 30.7%
Shares of Prana Biotechnology Ltd. (NASDAQ:PRAN) rose 30.7% during mid-day trading on Monday . The company traded as high as $6.40 and last traded at $5.83, with a volume of 1,853,362 shares trading hands. The stock had previously closed at $4.46.
Separately, Zacks Investment Research raised Prana Biotechnology from a “sell” rating to a “hold” rating in a research report on Saturday, June 18th.
The firm has a 50-day moving average price of $4.61 and a 200 day moving average price of $3.77. The stock’s market cap is $8.59 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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