Zacks Investment Research Upgrades NeuroVive Pharmaceutical (OTCMKTS:NEVPF) to “Buy”

Zacks Investment Research upgraded shares of NeuroVive Pharmaceutical (OTCMKTS:NEVPF) from a hold rating to a buy rating in a research note published on Tuesday morning, reports. The firm currently has $0.25 target price on the stock.

According to Zacks, “NeuroVive Pharmaceutical AB is engaged in the research, discovery and development of mitochondrial-protecting pharmaceuticals. The company’s drug candidate consists of CicloMulsion(R) and NeuroSTAT(R) in clinical phases. CicloMulsion(R) is being studied for preoperative treatment of acute kidney injury coincident with major surgery and NeuroSTAT(R) is being studied for treating traumatic brain injury. NeuroVive Pharmaceutical AB is headquartered in Lund, Sweden. “

NeuroVive Pharmaceutical stock opened at $0.20 on Tuesday. The firm has a market cap of $10.57 million, a PE ratio of -1.84 and a beta of 1.98. The firm’s 50 day moving average price is $0.22 and its two-hundred day moving average price is $0.17. NeuroVive Pharmaceutical has a twelve month low of $0.10 and a twelve month high of $0.51.

About NeuroVive Pharmaceutical

NeuroVive Pharmaceutical AB (publ) engages in the research and development of mitochondrial medicine in Sweden and internationally. Its product portfolio includes NeuroSTAT, a drug candidate that is in phase II clinical trial for the treatment of traumatic brain injuries; and KL1333 that is in phase I clinical trial for the treatment of genetic mitochondrial diseases.

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