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TC BioPharm Ltd (NASDAQ:TCBP) shares are trading lower by 44% to $2.00 Wednesday morning after the company announced the pricing of an offering of 2 million units at $1 per unit.
The clinical-stage biotech company also issued 2 million Series G warrants with an exercise price of £0.78. TC BioPharm plans to use the funds raised from the offering to support its upcoming clinical trial for relapse/refractory Acute Myeloid Leukemia, as well as for ongoing operating expenses and working capital.
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When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.
Shares of TC BioPharm have decreased by 96.36% in the past year. An investor who bought shares of TC BioPharm at the beginning of the year would take a loss of $27.65 per share if they sold it today. The stock has fallen 59.44% over the past month, meaning an investor who bought shares on Jul. 1 would see a capital loss of $5.26.
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. TC BioPharm (Holdings) stock currently has an RSI of 20.56, indicating oversold conditions.
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Posted In: TCBP
