Palatin Technologies Inc. (NYSE American:PTN) traded at a new 52-week high today of $4.93. So far today approximately 137,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.
In the past 52 weeks, Palatin Technologies Inc. share prices are bracketed by a low of $0.18 and a high of $4.93 and is now at $4.88, 2,592% above that low price.
Palatin Technologies Inc is a part of the healthcare sector. The company is engaged in developing targeted, receptor-specific peptide therapeutics for the treatment of diseases with unmet medical needs and commercial potential. Its programs are based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems. Its main product in clinical development is bremelanotide, which treats hypoactive sexual desire disorder, which is a type of female sexual dysfunction.
Palatin Technologies Inc. (NYSE American:PTN) is currently priced 92.8% above its average consensus analyst price target of $0.35.
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