Matinas BioPharma (MTNB) Sees Large Volume Increase
Shares of Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) saw unusually-strong trading volume on Monday . Approximately 9,613,900 shares traded hands during trading, an increase of 2,682% from the previous session’s volume of 345,632 shares.The stock last traded at $0.63 and had previously closed at $0.41.
Separately, Maxim Group lowered their target price on Matinas BioPharma from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, July 10th.
Matinas BioPharma (NYSEAMERICAN:MTNB) last issued its quarterly earnings results on Friday, August 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The company had revenue of $0.09 million during the quarter. Matinas BioPharma had a negative return on equity of 195.09% and a negative net margin of 7,558.92%.
Matinas BioPharma Company Profile (NYSEAMERICAN:MTNB)
Matinas BioPharma Holdings, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of various product candidates. The company enables the delivery of life-changing medicines using its lipid nano-crystal (LNC) platform technology. Its LNC delivery technology platform utilizes lipid nano-crystals which can encapsulate small molecules, oligonucleotides, vaccines, peptides, proteins and other medicines potentially making them safer, more tolerable, less toxic, and orally bioavailable.
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