IMM) shares blast up 60% on trial news

The Immutep Ltd (ASX: IMM) share price is on fire today, rising close to 60%. Immutep shares closed at 28 cents a share yesterday afternoon but opened at 45 cents this morning before rising to a high of 54 cents. The Immutep share price has since cooled somewhat but is still trading 60.7% higher at 45 cents a share at the time of writing.

Today’s share price moves also mark a new 52-week high for the company, which reached its previous high back in February, before the coronavirus-induced market crash in March saw the shares plummet more than 75%. Even so, today’s moves mean that Immutep shares are up more than 320% from the lows we saw back in late March.

So what is this company? And why is the Immutep share price exploding…