InMed Pharmaceuticals Inc. (OTCMKTS:IMLFF – Get Free Report)’s share price fell 4.2% during mid-day trading on Tuesday . The company traded as low as $0.29 and last traded at $0.31. 784,397 shares were traded during mid-day trading, an increase of 6,799% from the average session volume of 11,369 shares. The stock had previously closed at $0.32.
InMed Pharmaceuticals Price Performance
The stock’s 50 day moving average is $0.36 and its 200-day moving average is $0.42.
InMed Pharmaceuticals Company Profile
InMed Pharmaceuticals Inc, a clinical stage pharmaceutical company, researches and develops cannabinoid-based therapies. The company's lead product is INM-755, a cannabinol topical cream, which is in a second Phase I clinical trials for the treatment of epidermolysis bullosa. The company is also involved in developing INM-088, which is in preclinical studies for the treatment of glaucoma; and INM-405 for the treatment of orofacial pain.
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