Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) saw strong trading volume on Thursday . 2,250,191 shares changed hands during trading, an increase of 168% from the previous session’s volume of 840,242 shares.The stock last traded at $0.87 and had previously closed at $0.76.
Separately, Maxim Group boosted their target price on Matinas BioPharma from $2.00 to $5.00 and gave the company a “buy” rating in a research report on Monday, November 12th.
Matinas BioPharma (NYSEAMERICAN:MTNB) last posted its quarterly earnings results on Monday, November 12th. The company reported ($0.03) earnings per share for the quarter.
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About Matinas BioPharma (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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