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NervGen Pharma ( (TSE:NGEN) ) just unveiled an announcement.
NervGen Pharma has granted 600,000 incentive stock options to its directors and employees, with 500,000 options allocated to directors and 100,000 to employees. This move aligns with the company’s stock option plan and TSX Venture Exchange policies, potentially enhancing employee and director engagement and aligning their interests with company growth.
The most recent analyst rating on (TSE:NGEN) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on NervGen Pharma stock, see the TSE:NGEN Stock Forecast page.
Spark’s Take on TSE:NGEN Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGEN is a Neutral.
NervGen Pharma presents a high-risk, high-reward profile typical of early-stage biotech firms. Financial performance is weak due to ongoing R&D costs with no revenue, but technical indicators show positive momentum. Corporate events highlight potential upside from clinical advancements. However, the lack of earnings and reliance on financing remain significant concerns.
To see Spark’s full report on TSE:NGEN stock, click here.
More about NervGen Pharma
NervGen Pharma is a clinical-stage biotechnology company focused on developing innovative treatments for nervous system repair, particularly in neurotrauma and neurologic diseases. The company is advancing its lead candidate, NVG-291, through clinical trials for spinal cord injury and is exploring the potential of NVG-300 in preclinical models of ischemic stroke and spinal cord injury.
Average Trading Volume: 61,618
Technical Sentiment Signal: Buy
Current Market Cap: C$258.9M
See more insights into NGEN stock on TipRanks’ Stock Analysis page.