Destiny Pharma (LON:DEST) Shares Down 30.1% – Here’s What Happened

Destiny Pharma plc (LON:DEST)’s share price dropped 30.1% during mid-day trading on Wednesday . The company traded as low as GBX 2.55 ($0.03) and last traded at GBX 3 ($0.04). 4,179,453 shares changed hands during mid-day trading, an increase of 484% from the average daily volume of 715,908 shares. The stock had previously closed at GBX 4.29 ($0.05).

Destiny Pharma Stock Down 30.1 %

The company has a market capitalization of £2.87 million, a PE ratio of -50.00 and a beta of 0.22. The stock’s fifty day moving average price is GBX 3 and its two-hundred day moving average price is GBX 7.18.

Destiny Pharma Company Profile

Destiny Pharma plc, a biotechnology company, focuses on the discovery, development, and commercialization of novel medicines to prevent serious infections in the United Kingdom. The company is involved in developing NTCD-M3 that is in Phase II clinical trial for the prevention of recurrent Clostridioides diffcile infections; XF-73 Nasal, which is in Phase II clinical trial for the prevention of post-surgical staphylococcal infection; and XF-73 Dermal that is in preclinical stage for the treatment of skin infections of antibiotic resistant bacteria, as well as superficial skin infections of antibiotic resistant bacteria.