DelMar Pharmaceuticals, Inc. (DMPI) Insider Buys $14,875.00 in Stock
DelMar Pharmaceuticals, Inc. (NASDAQ:DMPI) insider Scott Praill acquired 17,500 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was acquired at an average price of $0.85 per share, for a total transaction of $14,875.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of DelMar Pharmaceuticals, Inc. (DMPI) traded down 1.39% during mid-day trading on Thursday, hitting $0.88. The company had a trading volume of 915,810 shares. The stock’s market cap is $18.96 million. DelMar Pharmaceuticals, Inc. has a 52-week low of $0.80 and a 52-week high of $6.00. The stock’s 50-day moving average is $1.14 and its 200-day moving average is $2.18.
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A number of research analysts have recently commented on DMPI shares. HC Wainwright set a $12.00 price objective on DelMar Pharmaceuticals and gave the company a “buy” rating in a report on Saturday, June 24th. Maxim Group reiterated a “buy” rating and issued a $11.00 price objective on shares of DelMar Pharmaceuticals in a report on Friday, June 23rd. Finally, Dawson James reissued a “buy” rating on shares of DelMar Pharmaceuticals in a research report on Tuesday, August 8th.
A hedge fund recently bought a new stake in DelMar Pharmaceuticals stock. Franklin Resources Inc. acquired a new stake in DelMar Pharmaceuticals, Inc. (NASDAQ:DMPI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,076,923 shares of the company’s stock, valued at approximately $2,477,000. 13.74% of the stock is currently owned by institutional investors and hedge funds.
About DelMar Pharmaceuticals
DelMar Pharmaceuticals, Inc is a clinical-stage drug development company. The Company focuses on the treatment of cancer. The Company is engaged in conducting clinical trials in the United States with its product candidate, VAL-083, as a treatment for glioblastoma multiforme (GBM), a form of brain cancer.
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