Hemispherx BioPharma, Inc (NYSEAMERICAN:HEB) shares rose 21.8% during trading on Wednesday . The company traded as high as $7.50 and last traded at $6.76. Approximately 1,155,079 shares were traded during mid-day trading, an increase of 1,317% from the average daily volume of 81,539 shares. The stock had previously closed at $5.55.
Separately, Ascendiant Capital Markets set a $44.00 price objective on Hemispherx BioPharma and gave the company a “buy” rating in a report on Friday, May 17th.
Hemispherx BioPharma (NYSEAMERICAN:HEB) last released its quarterly earnings data on Thursday, May 16th. The specialty pharmaceutical company reported ($3.08) EPS for the quarter.
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About Hemispherx BioPharma (NYSEAMERICAN:HEB)
Hemispherx Biopharma, Inc, a specialty pharmaceutical company, engages in the clinical development of drug therapies based on natural immune system enhancing technologies for the treatment of viral and immune based chronic disorders in the United States. The company's products include Alferon N Injection, an injectable formulation of natural alpha interferon to treat a category of genital warts, a sexually transmitted disease; and Ampligen for the treatment of chronic fatigue syndrome (CFS).
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