LPCN - Shares of Lipocine Inc. (LPCN) Rise Above Previous 52-Week High
Shares of Lipocine Inc. (NASDAQ:LPCN) traded today at $1.75, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 767,000 shares traded hands, while the average 30-day volume is approximately 722,000 shares.
Lipocine Inc. (NASDAQ:LPCN) defies analysts with a current price ($1.75) 9.1% above its average consensus price target of $1.59.
Lipocine Inc is a clinical-stage biopharmaceutical company. It is focused on oral drug delivery technology for the development of pharmaceutical products focusing on metabolic and endocrine disorders. The company's product TLANDO, is an oral testosterone replacement therapy ("TRT"). It also has other products in the pipeline such as LPCN 1144, LPCN 1148 and LPCN 1107.
In the past 52 weeks, shares of Lipocine Inc. have traded between a low of $0.80 and a high of $1.75 and is now at $1.75, which is 118% above that low price.
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