Parnell Pharmaceuticals (OTCMKTS:PARNF) Shares Up 16.7%

Parnell Pharmaceuticals Holdings Ltd (OTCMKTS:PARNF) shares shot up 16.7% during trading on Friday . The stock traded as high as $0.16 and last traded at $0.14, 102,100 shares traded hands during trading. An increase of 593% from the average session volume of 14,733 shares. The stock had previously closed at $0.12.

Separately, ValuEngine cut Parnell Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st.

The stock has a fifty day moving average price of $0.13 and a 200-day moving average price of $0.21.

About Parnell Pharmaceuticals (OTCMKTS:PARNF)

Parnell Pharmaceuticals Holdings Ltd, a veterinary pharmaceutical company, focuses on developing, manufacturing, and commercializing various animal health solutions. The company operates through four segments: Companion Animal, Production Animal — U.S., Production Animal — Rest of World, and Contract Manufacturing.

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