Mateon Therapeutics (OTCMKTS:MATN) Stock Passes Above 200 Day Moving Average – What’s Next?

Mateon Therapeutics, Inc. (OTCMKTS:MATNGet Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.07 and traded as high as $0.0792. Mateon Therapeutics shares last traded at $0.0792, with a volume of 12,541 shares changing hands.

Mateon Therapeutics Stock Performance

The company’s 50-day moving average price is $0.09 and its 200 day moving average price is $0.07. The stock has a market capitalization of $6.97 million, a PE ratio of -3.86 and a beta of 1.33.

About Mateon Therapeutics

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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.

Further Reading

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