Mateon Therapeutics (MATN) Releases Quarterly Earnings Results, Meets Expectations

Mateon Therapeutics (OTCMKTS:MATN) issued its quarterly earnings data on Wednesday. The biopharmaceutical company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02), MarketWatch Earnings reports.

Shares of MATN stock remained flat at $$0.20 during trading on Thursday. The stock had a trading volume of 11,934 shares, compared to its average volume of 69,073. Mateon Therapeutics has a 52 week low of $0.05 and a 52 week high of $0.31.

MATN has been the subject of several analyst reports. Zacks Investment Research raised Mateon Therapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. HC Wainwright reissued a “hold” rating on shares of Mateon Therapeutics in a research note on Monday, April 22nd.

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Mateon Therapeutics Company Profile

Mateon Therapeutics, Inc, a clinical-stage biopharmaceutical, focuses on developing small molecule injectable drugs for the treatment of cancer. It is developing CA4P, an immuno-oncology agent that stimulates the immune system against the tumor; and OXi4503 for the treatment of relapsed/refractory acute myeloid leukemia.

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Earnings History for Mateon Therapeutics (OTCMKTS:MATN)

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