Nemus Bioscience (OTCMKTS:NMUS) Stock Passes Above 50 Day Moving Average – Here’s Why

Nemus Bioscience Inc (OTCMKTS:NMUSGet Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $0.74. Nemus Bioscience shares last traded at $0.72, with a volume of 79,485 shares.

Nemus Bioscience Trading Up 5.2%

The company has a market cap of $105.64 million, a price-to-earnings ratio of -8.77 and a beta of -0.04.

Nemus Bioscience Company Profile

(Get Free Report)

Nemus Bioscience, Inc is an early‐stage biopharmaceutical company developing proprietary prodrug cannabinoid therapeutics for ophthalmic, dermatological and metabolic diseases. The company leverages synthetic derivatives of naturally occurring cannabinoids, designed to improve bioavailability, tissue targeting and therapeutic efficacy. Nemus operates under an OTCMKTS listing and is headquartered in Houston, Texas.

The company’s pipeline includes multiple preclinical candidates, with lead programs focusing on ophthalmic and dermatological indications.

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