Mateon Therapeutics (OTCMKTS:MATN) Shares Cross Above 200-Day Moving Average of $0.16

Mateon Therapeutics Inc (OTCMKTS:MATN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.16 and traded as high as $0.26. Mateon Therapeutics shares last traded at $0.26, with a volume of 17,966 shares changing hands.

A number of equities research analysts have recently issued reports on MATN shares. HC Wainwright reiterated a “hold” rating on shares of Mateon Therapeutics in a research report on Monday, April 22nd. ValuEngine upgraded shares of Mateon Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Mateon Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th.

The stock’s 50 day moving average price is $0.20 and its two-hundred day moving average price is $0.16.

About Mateon Therapeutics (OTCMKTS:MATN)

Mateon Therapeutics, Inc, a clinical-stage biopharmaceutical, focuses on developing small molecule injectable drugs for the treatment of cancer. It is developing CA4P, an immuno-oncology agent that stimulates the immune system against the tumor; and OXi4503 for the treatment of relapsed/refractory acute myeloid leukemia.

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