Avacta Group Plc (OTCMKTS:AVCTF – Get Free Report) shares were down 9.4% during mid-day trading on Thursday. The company traded as low as $0.77 and last traded at $0.77. 20,000 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 21,902 shares. The stock had previously closed at $0.85.
Avacta Group Price Performance
The company’s 50 day moving average is $0.91 and its 200 day moving average is $0.92.
About Avacta Group
Avacta Group is a UK-based biotechnology company focused on developing cancer therapies. Its proprietary pre|CISION platform is designed to keep drug payloads inactive in circulation and activate them within the tumor environment, with the goal of concentrating treatment at the tumor site.
The company’s clinical-stage pipeline includes AVA6000, a doxorubicin prodrug designed to be activated by an enzyme found in many tumors. Avacta has also developed Affimer, an engineered protein-binding technology, and has pursued diagnostic applications alongside its earlier research activities.
Avacta’s work is centered on drug development, with clinical research and operations based in the United Kingdom.
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