ESSA Pharma (EPIX) Shares Down 10.7%

Shares of ESSA Pharma Inc. (NASDAQ:EPIX) (TSE:EPI) dropped 10.7% during trading on Wednesday . The company traded as low as $0.24 and last traded at $0.25. Approximately 764,200 shares were traded during trading, an increase of 694% from the average daily volume of 96,195 shares. The stock had previously closed at $0.28.

Several research analysts have issued reports on the company. Dawson James restated a “buy” rating on shares of ESSA Pharma in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of ESSA Pharma from a “hold” rating to a “buy” rating and set a $0.50 price target for the company in a research report on Monday, September 11th. Finally, Bloom Burton cut shares of ESSA Pharma from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. ESSA Pharma presently has an average rating of “Hold” and an average price target of $4.75.

The company has a debt-to-equity ratio of -3.00, a current ratio of 2.32 and a quick ratio of 2.32.

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ESSA Pharma Company Profile

ESSA Pharma Inc, a clinical stage pharmaceutical company, focuses on the development of novel and proprietary therapies for the treatment of prostate cancer. Its product candidate is EPI-506, an oral small molecule pro-drug that is in Phase 1/2 clinical trial, which blocks the N-terminal domain of the androgen receptor.

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