Silence Therapeutics (OTCMKTS:SLNCF) Trading Up 12.5% – Still a Buy?

Shares of Silence Therapeutics plc (OTCMKTS:SLNCFGet Free Report) shot up 12.5% during trading on Monday . The company traded as high as $2.45 and last traded at $2.25. 3,777 shares were traded during trading, an increase of 164% from the average session volume of 1,433 shares. The stock had previously closed at $2.00.

Silence Therapeutics Price Performance

The company’s fifty day simple moving average is $4.48 and its 200 day simple moving average is $5.91.

About Silence Therapeutics

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Silence Therapeutics plc, a biotechnology company, focuses on the discovery and development novel molecules incorporating short interfering ribonucleic acid (siRNA) to inhibit the expression of specific target genes in hematology, cardiovascular, and rare diseases. The company's mRNAi GalNAc Oligonucleotide Discovery platform consists of precision engineered product candidates designed to target specific disease-associated genes in the liver.

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