News coverage about Fennec Pharmaceuticals (NASDAQ:FENC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fennec Pharmaceuticals earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.3771188322318 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several research analysts have recently issued reports on the company. Laidlaw assumed coverage on Fennec Pharmaceuticals in a research note on Wednesday, November 29th. They set a “buy” rating and a $22.00 price target for the company. ValuEngine downgraded Fennec Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th.
Fennec Pharmaceuticals (FENC) opened at $9.26 on Wednesday. The stock has a market capitalization of $150.35, a price-to-earnings ratio of -23.15 and a beta of 0.22. Fennec Pharmaceuticals has a one year low of $8.00 and a one year high of $13.95.
In other news, major shareholder Spa Essetifin bought 294,115 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was purchased at an average price of $8.50 per share, with a total value of $2,499,977.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.70% of the company’s stock.
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About Fennec Pharmaceuticals
Fennec Pharmaceuticals Inc, formerly Adherex Technologies Inc, is a biopharmaceutical company focused on cancer therapeutics. The Company’s lead product candidate in the clinical stage of development includes Sodium Thiosulfate (STS), which has completed patient enrollment of over two Phase III clinical trials for the prevention of cisplatin induced hearing loss, or ototoxicity in children.
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