Futura Medical (LON:FUM) Trading 13.3% Higher – Time to Buy?

Futura Medical plc (LON:FUM) shares rose 13.3% during mid-day trading on Wednesday . The stock traded as high as GBX 1.43 and last traded at GBX 1.25. Approximately 652,218 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 6,444,076 shares. The stock had previously closed at GBX 1.10.

Futura Medical Stock Up 13.3%

The stock has a 50-day moving average price of GBX 1.25 and a 200 day moving average price of GBX 2.22. The firm has a market capitalization of £7.24 million, a price-to-earnings ratio of -0.60 and a beta of 0.21.

About Futura Medical

Futura Medical plc (AIM: FUM) is the developer of innovative sexual health products, including lead product Eroxon® and products WSD4000 and Eroxon® Intense. Our core strength lies in our research, development and commercialisation of topically delivered gel formulations in sexual health products.

Sexual health issues are prevalent in both men and women. ED impacts 1 in 5 men globally across all adult age brackets, with approximately half of all men over 40 experiencing ED and 25% of all new diagnoses being in men under 40.