InMed Pharmaceuticals Inc (NASDAQ:INM) shares traded -1.55% lower at $0.25 on Wall Street last session.
INM stock price is now -6.19% away from the 50-day moving average and -30.53% away from the 200-day moving average. The market capitalization of the company currently stands at $0.85M.
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In other news, HULL ANDREW, Director bought 37,500 shares of the company’s stock on Feb 21 ’24. The stock was bought for $14,625 at an average price of $0.39. Upon completion of the transaction, the Director now directly owns 38,258 shares in the company, valued at $9564.5. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, President & CEO ADAMS ERIC A bought 41,600 shares of the business’s stock. A total of $14,922 was incurred on buying the stock at an average price of $0.36. This leaves the insider owning 43,959 shares of the company worth $10989.75. A total of 1.13% of the company’s stock is owned by insiders.
During the past 12 months, InMed Pharmaceuticals Inc has had a low of $0.21 and a high of $2.08. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 6.58, and a quick ratio of 5.80. The fifty day moving average price for INM is $0.27064 and a two-hundred day moving average price translates $0.363515 for the stock.
The latest earnings results from InMed Pharmaceuticals Inc (NASDAQ: INM) was released for 2024-03-31. The net profit margin was -108.01% and return on equity was -51.73% for INM. The company reported revenue of $1.17 million for the quarter, compared to $1.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.44 percent.
