Zelira Therapeutics (OTCMKTS:ZLDAF) Shares Down 13.3% – Here’s What Happened

Zelira Therapeutics Limited (OTCMKTS:ZLDAFGet Free Report) traded down 13.3% during mid-day trading on Monday . The company traded as low as $0.26 and last traded at $0.26. 222 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 670 shares. The stock had previously closed at $0.30.

Zelira Therapeutics Stock Down 13.3%

The stock has a 50 day simple moving average of $0.32 and a 200 day simple moving average of $0.35.

Zelira Therapeutics Company Profile

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Zelira Therapeutics Ltd is a clinical-stage biotechnology company focused on the development and commercialization of proprietary cannabinoid-based therapies. The company leverages a portfolio of clinical and preclinical drug candidates designed to address unmet medical needs in areas such as chronic pain, autism spectrum disorder, Alzheimer’s disease and sleep disorders. Utilizing patented formulation and delivery platforms, Zelira aims to optimize efficacy and safety profiles of plant-derived cannabinoids.

The company pursues a dual geography strategy through its Australian and North American operations.

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