Transgene (OTCMKTS:TRGNF) Shares Down 7.4% – Should You Sell?

Transgene SA (OTCMKTS:TRGNFGet Free Report) shares dropped 7.4% during mid-day trading on Wednesday . The stock traded as low as $1.00 and last traded at $1.00. Approximately 500 shares traded hands during trading, an increase of 15% from the average daily volume of 433 shares. The stock had previously closed at $1.08.

Transgene Stock Down 7.4%

The company’s 50 day moving average price is $0.71 and its 200 day moving average price is $0.70.

About Transgene

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Transgene SA, a biotechnology company, focuses on designing and developing therapeutic vaccines and oncolytic viruses for the treatment of cancer in France. It involved in developing TG4050, a therapeutic vaccine that is in Phase I clinical trial for the treatment of ovarian cancer, and head and neck cancers; TG4001, a therapeutic vaccine, which is in Phase II clinical trial for the treatment of HPV-positive cancers; TG6002, an oncolytic virus that is in Phase I/IIa clinical trial for the treatment of gastrointestinal and colorectal cancers; and BT-001, an oncolytic virus, which is in Phase I/II clinical trial for the treatment of solid tumors.

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