PHASQ falls 99% to $0.000001 PNK US: Liquidity questions weigh on outlook
PHASQ stock plunged 99.00% to $0.000001 on the PNK exchange (United States) during market hours, making PhaseBio Pharmaceuticals a clear top loser today. Trading volume reached 2,500 shares versus a 50-day average volume of 22,310, highlighting extremely thin liquidity. Investors are reacting to the company’s post-reorganization status, scarce float and continued pipeline uncertainty. We examine why PhaseBio Pharmaceuticals, Inc. (PHASQ) is trading near the penny-floor, connect financial metrics to price action, and outline scenarios for recovery or further downside.
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