ESSA Pharma Inc. (NASDAQ:EPIX) (TSE:EPI) shares shot up 12.5% during trading on Friday . The stock traded as high as $0.37 and last traded at $0.28. 191,729 shares changed hands during trading, an increase of 103% from the average session volume of 94,358 shares. The stock had previously closed at $0.32.

Several brokerages recently commented on EPIX. Dawson James restated a “buy” rating on shares of ESSA Pharma in a report on Thursday, August 3rd. Zacks Investment Research cut shares of ESSA Pharma from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Bloom Burton cut shares of ESSA Pharma from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $4.75.

The company has a debt-to-equity ratio of -3.00, a current ratio of 2.32 and a quick ratio of 2.32.

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ESSA Pharma Company Profile

ESSA Pharma Inc, a clinical stage pharmaceutical company, focuses on the development of novel and proprietary therapies for the treatment of prostate cancer. Its product candidate is EPI-506, an oral small molecule pro-drug that is in Phase 1/2 clinical trial, which blocks the N-terminal domain of the androgen receptor.

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