Silence Therapeutics (OTCMKTS:SLNCF) Shares Down 32.7% – Here’s Why

Shares of Silence Therapeutics plc (OTCMKTS:SLNCFGet Free Report) were down 32.7% during trading on Friday . The stock traded as low as $1.01 and last traded at $1.01. Approximately 2,700 shares traded hands during mid-day trading, an increase of 50% from the average daily volume of 1,800 shares. The stock had previously closed at $1.50.

Silence Therapeutics Price Performance

The company has a 50 day moving average of $2.54 and a 200 day moving average of $5.09.

Silence Therapeutics Company Profile

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Silence Therapeutics plc, a biotechnology company, focuses on the discovery and development novel molecules incorporating short interfering ribonucleic acid (siRNA) to inhibit the expression of specific target genes in hematology, cardiovascular, and rare diseases. The company's mRNAi GalNAc Oligonucleotide Discovery platform consists of precision engineered product candidates designed to target specific disease-associated genes in the liver.

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