Ekaterina Zelenkova

Peregrine Pharmaceuticals (NASDAQ:PPHM) Stock Exorcises Frustration

by Ekaterina Zelenkova July 21, 2010

PPHM also reports 12% net loss decline, or $0.30 per share. For a fourth consecutive quarter, PPHM achieved an increase in its cash position. During the fiscal year 2010, the company raised over $26 million in gross proceeds from shares sales. The shares were sold at an average price per share of $3.51.

Yesterday, PPHM stock closed at $1.68, leaving the hope to investors that they will no longer be frustrated with the current stock price performance.

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