Mateon Therapeutics (OTCMKTS:MATN) Stock Passes Above 200-Day Moving Average – Time to Sell?

Mateon Therapeutics, Inc. (OTCMKTS:MATNGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.07 and traded as high as $0.0899. Mateon Therapeutics shares last traded at $0.0870, with a volume of 36,250 shares.

Mateon Therapeutics Stock Down 8.0%

The stock’s 50-day simple moving average is $0.09 and its 200 day simple moving average is $0.07. The company has a market cap of $7.22 million, a price-to-earnings ratio of -4.00 and a beta of 1.33.

About Mateon Therapeutics

(Get Free Report)

Mateon Therapeutics is a clinical-stage biopharmaceutical company focused on developing precision oncology therapies that selectively target tumor tissue. The company’s platform leverages tumor-activated peptides designed to bind to the fibrin–fibronectin complexes uniquely present in solid tumors, with the goal of improving the therapeutic index of cytotoxic payloads while limiting off-target effects.

Its lead asset, MH1, is a peptide–drug conjugate in Phase I clinical trials for advanced solid tumors.

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