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Higher than expected cash burn and lack of catalysts underwhelms broker
Thursday 08 Jun 2017 Author: Lisa-Marie Janes

Gene editing company Horizon Discovery (HZD:AIM) has suffered a 14.4% share price drop since its full year results on 30 May.

Broker Panmure Gordon analyst Mike Mitchell downgraded the stock from ‘buy’ to ‘hold’.

He was put off by Horizon’s higher than expected cash burn and the absence of tangible drivers to boost its share price performance.

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