Mateon Therapeutics (OTCMKTS:MATN) Share Price Crosses Above 200 Day Moving Average of $0.18

Mateon Therapeutics Inc (OTCMKTS:MATN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.18 and traded as high as $0.27. Mateon Therapeutics shares last traded at $0.26, with a volume of 9,954 shares changing hands.

A number of equities research analysts have recently weighed in on MATN shares. ValuEngine raised Mateon Therapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered Mateon Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th.

The business has a fifty day simple moving average of $0.23 and a two-hundred day simple moving average of $0.18.



Mateon Therapeutics (OTCMKTS:MATN) last posted its earnings results on Monday, August 19th. The biopharmaceutical company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). As a group, analysts expect that Mateon Therapeutics Inc will post -0.06 earnings per share for the current year.

About Mateon Therapeutics (OTCMKTS:MATN)

Mateon Therapeutics, Inc, a clinical-stage biopharmaceutical, focuses on developing small molecule injectable drugs for the treatment of cancer. It is developing CA4P, an immuno-oncology agent that stimulates the immune system against the tumor; and OXi4503 for the treatment of relapsed/refractory acute myeloid leukemia.

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