Insider Buying: Verona Pharma Plc (VRP) Insider Acquires 20,132 Shares of Stock
Verona Pharma Plc (LON:VRP) insider Piers Morgan bought 20,132 shares of Verona Pharma stock in a transaction dated Friday, March 22nd. The stock was acquired at an average price of GBX 64 ($0.84) per share, with a total value of £12,884.48 ($16,835.86).
LON VRP opened at GBX 60.50 ($0.79) on Wednesday. Verona Pharma Plc has a 1-year low of GBX 48 ($0.63) and a 1-year high of GBX 200 ($2.61). The firm has a market capitalization of $63.72 million and a PE ratio of -3.20.
VRP has been the topic of a number of research reports. Shore Capital reaffirmed a “buy” rating on shares of Verona Pharma in a research note on Monday, March 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Verona Pharma in a research note on Friday, January 4th.
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Verona Pharma plc, a clinical stage biopharmaceutical company, develops and commercializes therapeutics to treat respiratory diseases. The company's product candidate is RPL554, an inhaled dual inhibitor of the enzymes phosphodiesterase 3 and 4, which has completed Phase I and IIa clinical trials that acts as a bronchodilator and an anti-inflammatory agent for the treatment of chronic obstructive pulmonary disease and cystic fibrosis.
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