Opthea (ASX:OPT) Shares Down 2.1%

Opthea Ltd (ASX:OPT) was down 2.1% during trading on Wednesday . The stock traded as low as A$3.57 ($2.53) and last traded at A$3.65 ($2.59), approximately 89,224 shares were traded during mid-day trading. The stock had previously closed at A$3.73 ($2.65).

The company has a market cap of $911.73 million and a price-to-earnings ratio of -40.56. The company has a 50-day simple moving average of A$2.24.

About Opthea (ASX:OPT)

Opthea Limited develops and commercializes therapies primarily for eye disease in Australia. The company's development activities are based on the intellectual property portfolio covering Vascular Endothelial Growth Factors (VEGF) VEGF-C, VEGF-D, and VEGF Receptor-3 for the treatment of diseases associated with blood and lymphatic vessel growth, as well as vascular leakage.

Further Reading: Compound Annual Growth Rate (CAGR)

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