Ampio Pharmaceuticals (NYSE:AMPE) Shares Up 3,233.3% – Still a Buy?

Ampio Pharmaceuticals, Inc. (NYSE:AMPEGet Free Report)’s share price was up 3,233.3% during mid-day trading on Thursday . The company traded as high as $0.2501 and last traded at $0.25. Approximately 49,003 shares were traded during trading, an increase of 198% from the average daily volume of 16,434 shares. The stock had previously closed at $0.0075.

Ampio Pharmaceuticals Price Performance

The firm has a market capitalization of $283,750.00, a price-to-earnings ratio of -0.02 and a beta of 5.61. The business’s fifty day simple moving average is $0.01 and its 200 day simple moving average is $0.01.

About Ampio Pharmaceuticals

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Ampio Pharmaceuticals, Inc is a clinical‐stage biopharmaceutical company focused on developing therapies that modulate the body’s inflammatory response to alleviate pain and improve functional outcomes. Headquartered in Englewood, Colorado, the company leverages proprietary plasma‐derived and synthetic formulations to target chronic musculoskeletal and cardiovascular conditions.

The company’s lead product candidate, Ampion, is a novel, low‐molecular‐weight fraction of human serum albumin designed as a single intra‐articular injection for patients suffering from osteoarthritis of the knee.

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