Propanc Biopharma (OTCMKTS:PPCB) Shares Down 6.4% – Here’s Why

Shares of Propanc Biopharma, Inc. (OTCMKTS:PPCBGet Free Report) dropped 6.4% during mid-day trading on Friday . The company traded as low as $2.62 and last traded at $2.62. Approximately 3,663 shares changed hands during trading, an increase of 189% from the average daily volume of 1,266 shares. The stock had previously closed at $2.80.

Propanc Biopharma Stock Performance

The stock’s 50-day moving average price is $5.45 and its 200-day moving average price is $3.38.

About Propanc Biopharma

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Propanc Biopharma, Inc, a biopharmaceutical company, develops cancer treatments for patients with pancreatic, ovarian, and colorectal cancer in Australia. It offers PRP, a formulation lead product that is in preclinical phase of development designed to enhance the anti-cancer effects of multiple enzymes.

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