Promis Neurosciences (PMN) Trading Down 5.3%
Promis Neurosciences Inc (TSE:PMN)’s share price dropped 5.3% on Friday . The stock traded as low as C$0.35 and last traded at C$0.36. Approximately 129,652 shares changed hands during trading, a decline of 55% from the average daily volume of 285,463 shares. The stock had previously closed at C$0.38.
Separately, Noble Financial reaffirmed a “buy” rating and set a C$1.00 price target on shares of Promis Neurosciences in a research note on Sunday, February 17th.
The company has a market capitalization of $94.86 million and a PE ratio of -10.57.
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ProMIS Neurosciences, Inc, a development stage biotech company, discovers and develops precision medicine therapeutics for the treatment of neurodegenerative diseases, primarily Alzheimer's disease (AD) and amyotrophic lateral sclerosis (ALS). Its proprietary target discovery engine is based on the use of two complementary techniques.
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