Ascletis Pharma (OTCMKTS:ASCLF) Trading Down 10.8% – Time to Sell?

Ascletis Pharma Inc. (OTCMKTS:ASCLFGet Free Report)’s stock price dropped 10.8% during mid-day trading on Friday . The stock traded as low as $1.07 and last traded at $1.07. 410 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,685 shares. The stock had previously closed at $1.20.

Ascletis Pharma Stock Performance

The stock has a 50 day simple moving average of $1.40 and a 200-day simple moving average of $1.77.

Ascletis Pharma Company Profile

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Ascletis Pharma (OTCMKTS:ASCLF) is a clinical‐stage biopharmaceutical company headquartered in Hangzhou, China, dedicated to the research, development and commercialization of therapies for viral and liver diseases. Since its founding in 2013, the company has built an integrated platform spanning small‐molecule discovery, process chemistry and clinical development. Ascletis is listed on the Hong Kong Stock Exchange and maintains facilities for both clinical research and commercial manufacturing in Mainland China.

The company’s core pipeline focuses on direct‐acting antiviral agents targeting hepatitis B virus (HBV), hepatitis C virus (HCV) and human immunodeficiency virus (HIV).

Further Reading

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