Benzinga | Nov 23, 2020 03:49PM EST

Why PolarityTE's Stock Is Trading Lower Today

PolarityTE (NASDAQ:PTE) shares are trading lower on Monday after the company reduced the exercise price of warrants from $2.80 per share to 10 cents per share.

PolarityTE Inc is a commercial-stage biotechnology and regenerative biomaterials company. Its focused on transforming the lives of patients by discovering, designing and developing regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering and material sciences.

PolarityTE shares are trading down 29.61% at 65 cents at time of publication on Monday. The stock has a 52-week high of $4.60 and a 52-week low of 55 cents.