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Why Celsion's Stock is Up During Today's Session

January 21, 2021 10:28 am
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Why Celsion's Stock is Up During Today's Session

The Price And Volume Action In Celsion's Stock Today

Celsion's (NASDAQ:CLSN) stock is trading up 54.5% to a price of $2.07. The stock's volume is currently 79.75 million, which is roughly 1515.3% of its recent 30-day volume average of 5.26 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Celsion Corp shares are trading higher after the company terminated a purchase agreement with Lincoln Park Capital. From sept. 8, 2020 through termination date, the company sold 2.8M common shares under 2020 purchase agreement generating proceeds of $2.2M

Perspective On Recent Price Action

The moving average price of the stock over the past 50 days was $0.69 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $6.5 and as low as $0.43.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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