Silence Therapeutics (OTCMKTS:SLNCF) Trading Up 12.5% – Here’s Why

Silence Therapeutics plc (OTCMKTS:SLNCFGet Free Report)’s share price traded up 12.5% during mid-day trading on Monday . The company traded as high as $2.45 and last traded at $2.25. 3,777 shares were traded during trading, an increase of 164% from the average session volume of 1,433 shares. The stock had previously closed at $2.00.

Silence Therapeutics Stock Performance

The company’s 50-day moving average price is $4.33 and its 200 day moving average price is $5.84.

Silence Therapeutics Company Profile

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Silence Therapeutics plc, a biotechnology company, focuses on the discovery and development novel molecules incorporating short interfering ribonucleic acid (siRNA) to inhibit the expression of specific target genes in hematology, cardiovascular, and rare diseases. The company's mRNAi GalNAc Oligonucleotide Discovery platform consists of precision engineered product candidates designed to target specific disease-associated genes in the liver.

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