Fennec Pharmaceuticals Inc. (TSE:FRX – Get Free Report) insider Southpoint Capital Advisors Lp sold 160,100 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of C$11.24, for a total transaction of C$1,799,524.00. Following the sale, the insider directly owned 3,850,000 shares of the company’s stock, valued at C$43,274,000. This represents a 3.99% decrease in their ownership of the stock.
Southpoint Capital Advisors Lp also recently made the following trade(s):
- On Monday, November 17th, Southpoint Capital Advisors Lp sold 85,918 shares of Fennec Pharmaceuticals stock. The stock was sold at an average price of C$12.35, for a total transaction of C$1,061,087.30.
- On Tuesday, October 7th, Southpoint Capital Advisors Lp sold 26,900 shares of Fennec Pharmaceuticals stock. The shares were sold at an average price of C$13.23, for a total transaction of C$355,887.00.
- On Wednesday, October 8th, Southpoint Capital Advisors Lp sold 19,605 shares of Fennec Pharmaceuticals stock. The stock was sold at an average price of C$13.07, for a total transaction of C$256,237.35.
- On Thursday, October 9th, Southpoint Capital Advisors Lp sold 20,609 shares of Fennec Pharmaceuticals stock. The shares were sold at an average price of C$12.89, for a total transaction of C$265,650.01.
Fennec Pharmaceuticals Stock Performance
Shares of Fennec Pharmaceuticals stock opened at C$10.60 on Tuesday. The stock has a market cap of C$362.02 million, a PE ratio of -40.77 and a beta of 2.51. The business has a fifty day simple moving average of C$11.55 and a 200-day simple moving average of C$11.73. The company has a quick ratio of 10.17, a current ratio of 7.80 and a debt-to-equity ratio of -620.83. Fennec Pharmaceuticals Inc. has a 12 month low of C$7.02 and a 12 month high of C$13.83.
Fennec Pharmaceuticals Company Profile
Fennec Pharmaceuticals Inc is a clinical-stage biotechnology company. It is primarily engaged in research and development activities. The company is developing Sodium Thiosulfate (STS), a chemo-protectant against hearing loss associated with platinum-based chemotherapy. Its lead product candidate is PEDMARK which is sodium thiosulfate in a novel formulation for the prevention of cisplatin induced hearing loss, or ototoxicity in children.
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