InMed Pharmaceuticals Inc. (OTCMKTS:IMLFF – Get Free Report)’s stock price dropped 4.2% during trading on Tuesday . The stock traded as low as $0.29 and last traded at $0.31. Approximately 784,397 shares were traded during trading, an increase of 6,799% from the average daily volume of 11,369 shares. The stock had previously closed at $0.32.
InMed Pharmaceuticals Trading Down 4.2 %
The firm’s 50-day moving average price is $0.36 and its 200 day moving average price is $0.42.
About InMed Pharmaceuticals
InMed Pharmaceuticals Inc, a clinical stage pharmaceutical company, researches and develops cannabinoid-based therapies. The company's lead product is INM-755, a cannabinol topical cream, which is in a second Phase I clinical trials for the treatment of epidermolysis bullosa. The company is also involved in developing INM-088, which is in preclinical studies for the treatment of glaucoma; and INM-405 for the treatment of orofacial pain.
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