DelMar Pharmaceuticals, Inc. (DMPI) Announces Earnings Results, Misses Estimates By $0.01 EPS
DelMar Pharmaceuticals, Inc. (NASDAQ:DMPI) released its earnings results on Monday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.01), Zacks reports.
DelMar Pharmaceuticals (NASDAQ DMPI) traded down $0.03 during midday trading on Tuesday, reaching $0.81. The company had a trading volume of 534,300 shares, compared to its average volume of 377,704. DelMar Pharmaceuticals has a twelve month low of $0.78 and a twelve month high of $5.39.
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Several research firms have recently weighed in on DMPI. Maxim Group cut DelMar Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Dawson James reiterated a “buy” rating on shares of DelMar Pharmaceuticals in a report on Tuesday, August 8th. Finally, HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of DelMar Pharmaceuticals in a report on Thursday, October 5th.
DelMar Pharmaceuticals Company Profile
DelMar Pharmaceuticals, Inc is a clinical-stage drug development company. The Company focuses on the treatment of cancer. The Company is engaged in conducting clinical trials in the United States with its product candidate, VAL-083, as a treatment for glioblastoma multiforme (GBM), a form of brain cancer.
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