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Medicenna Therapeutics (TSE:MDNA) Stock Price Down 4.5% - Here's Why

Medicenna Therapeutics logo with Medical background

Medicenna Therapeutics Corp. (TSE:MDNA - Get Free Report)'s share price was down 4.5% during mid-day trading on Friday . The stock traded as low as C$0.82 and last traded at C$0.84. 17,872 shares traded hands during trading, a decline of 61% from the average session volume of 45,469 shares. The stock had previously closed at C$0.88.

Medicenna Therapeutics Stock Performance

The company has a debt-to-equity ratio of 0.88, a current ratio of 11.40 and a quick ratio of 4.65. The company has a market capitalization of C$62.84 million, a price-to-earnings ratio of -2.31 and a beta of 1.21. The stock has a 50 day moving average price of C$0.94 and a two-hundred day moving average price of C$1.07.

Medicenna Therapeutics Company Profile

(Get Free Report)

Medicenna Therapeutics Corp is a Canada based immuno-oncology company. Its principal business activity is the development and commercialization of Empowered Cytokines and Superkines for the treatment of cancer. The company is engaged in developing Interleukin-4 Empowered Cytokines that specifically target the Interleukin-4 Receptor which is over-expressed by 20 different cancers, cancer stem cells and immunosuppressive cells of the tumor microenvironment.

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