Anson Funds Management LP acquired a new stake in shares of Apricus Biosciences, Inc (NASDAQ:APRI) during the third quarter, Holdings Channel reports. The institutional investor acquired 5,092,580 shares of the company’s stock, valued at approximately $1,723,000. Apricus Biosciences comprises 0.4% of Anson Funds Management LP’s holdings, making the stock its 21st largest position. Anson Funds Management LP owned 0.66% of Apricus Biosciences as of its most recent filing with the SEC.
Apricus Biosciences, Inc (NASDAQ:APRI) traded down 2.19% during trading on Monday, reaching $2.68. 209,690 shares of the company’s stock were exchanged. Apricus Biosciences, Inc has a 52 week low of $1.10 and a 52 week high of $15.40. The stock’s market capitalization is $20.72 million. The company’s 50 day moving average price is $2.01 and its 200-day moving average price is $1.15.
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Separately, Zacks Investment Research raised shares of Apricus Biosciences from a “sell” rating to a “hold” rating in a research note on Tuesday, October 18th.
About Apricus Biosciences
Apricus Biosciences, Inc is a pharmaceutical company, which develops pharmaceutical products. The Company primarily focuses on the development and commercialization of products and product candidates in the areas of urology and rheumatology. The Company’s drug delivery technology is a permeation enhancer called NexACT.
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