Biopharmx (BPMX) Shares Down 8.3%
Biopharmx Corp (NYSEAMERICAN:BPMX) shares were down 8.3% during mid-day trading on Friday . The stock traded as low as $0.11 and last traded at $0.11. Approximately 2,834,352 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 1,589,471 shares. The stock had previously closed at $0.12.
Several research analysts have issued reports on BPMX shares. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of Biopharmx in a report on Wednesday, September 13th. Maxim Group reissued a “buy” rating and issued a $1.50 price objective (down from $3.00) on shares of Biopharmx in a research note on Wednesday, September 13th.
The firm has a market cap of $14.47, a P/E ratio of -0.42 and a beta of 1.32.
In related news, major shareholder Vivo Capital Viii, Llc sold 296,394 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $0.20, for a total transaction of $59,278.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen Morlock bought 330,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was purchased at an average cost of $0.15 per share, with a total value of $49,500.00. The disclosure for this purchase can be found here.
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Biopharmx Company Profile
BioPharmX Corporation is a specialty pharmaceutical company. The Company is focused on utilizing its drug delivery technologies to develop and commercialize prescription and over-the-counter (OTC) products that address markets in women’s health and dermatology. Its portfolio of product candidates includes two clinical stage product candidates: BPX01, which is a topical antibiotic for the treatment of acne based on a formulation of minocycline, and BPX03, which is a molecular iodine (I2) tablet for the treatment of benign breast pain associated with fibrocystic breast condition (FBC) and cyclic mastalgia.
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