Polydex Pharmaceuticals (OTCMKTS:POLXF) Shares Cross Below 50-Day Moving Average – Time to Sell?

Polydex Pharmaceuticals Ltd. (OTCMKTS:POLXFGet Free Report)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.99 and traded as low as $1.9860. Polydex Pharmaceuticals shares last traded at $1.9860, with a volume of 2,000 shares.

Polydex Pharmaceuticals Price Performance

The company’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $1.99.

Polydex Pharmaceuticals Company Profile

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Polydex Pharmaceuticals Ltd. is a development stage company, which engages in manufacturing of bulk pharmaceutical intermediates for the worldwide veterinary pharmaceutical industry, and the development, manufacturing, and marketing of biotechnology-based products for the human pharmaceutical market. The firm focuses on Dextran and derivative products, including Iron Dextran and Dextran Sulphate and other specialty chemicals. The company was founded by Thomas C. Usher on June 14, 1979 and is headquartered in Toronto, Canada.

Further Reading

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