Mateon Therapeutics (OTCMKTS:MATN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Mateon Therapeutics, Inc. (OTCMKTS:MATNGet Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.04 and traded as high as $0.06. Mateon Therapeutics shares last traded at $0.06, with a volume of 28,393 shares trading hands.

Mateon Therapeutics Price Performance

The company has a 50 day simple moving average of $0.04 and a 200 day simple moving average of $0.04.

Mateon Therapeutics Company Profile

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Mateon Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in developing drugs for the treatment of orphan oncology indications. The company's lead product candidate is OT-101, an antisense against TGF-beta, which is in phase 3 clinical trials for pancreatic cancer and glioblastoma, as well as develops OT-101 for the treatment of various viruses, including severe acute respiratory syndrome and coronavirus.

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