DelMar Pharmaceuticals (NASDAQ:DMPI) Shares Gap Up to $0.82

DelMar Pharmaceuticals Inc (NASDAQ:DMPI) gapped up prior to trading on Friday . The stock had previously closed at $0.80, but opened at $0.82. DelMar Pharmaceuticals shares last traded at $1.05, with a volume of 3,075,900 shares.

A number of brokerages have weighed in on DMPI. Maxim Group reaffirmed a “buy” rating on shares of DelMar Pharmaceuticals in a research note on Friday, November 15th. Zacks Investment Research raised shares of DelMar Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th.

The firm has a market capitalization of $1.82 million, a P/E ratio of -0.33 and a beta of 1.30. The stock’s 50 day moving average is $0.60 and its two-hundred day moving average is $1.21.

DelMar Pharmaceuticals (NASDAQ:DMPI) last posted its quarterly earnings results on Tuesday, September 10th. The company reported ($0.89) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.59). Equities research analysts anticipate that DelMar Pharmaceuticals Inc will post -1.2 earnings per share for the current fiscal year.

DelMar Pharmaceuticals Company Profile (NASDAQ:DMPI)

DelMar Pharmaceuticals, Inc, a clinical stage drug development company, focuses on developing and commercializing anti-cancer therapies to treat cancer patients who have failed to respond to modern therapy. Its product candidate includes VAL-083, a DNA-targeting agent, which is in Phase II clinical study for the treatment of glioblastoma multiforme (GBM), as well as other solid tumors, including ovarian cancer.

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