Oncolytics Biotech Inc. (TSE:ONC - Get Free Report)'s share price traded up 18.2% during mid-day trading on Tuesday . The company traded as high as C$1.69 and last traded at C$1.62. 747,191 shares changed hands during mid-day trading, an increase of 455% from the average session volume of 134,529 shares. The stock had previously closed at C$1.37.
Analysts Set New Price Targets
Separately, Jones Trading cut shares of Oncolytics Biotech from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th.
View Our Latest Report on Oncolytics Biotech
Oncolytics Biotech Price Performance
The company's 50-day moving average is C$0.81 and its two-hundred day moving average is C$0.94. The company has a debt-to-equity ratio of 11.75, a current ratio of 2.99 and a quick ratio of 8.86. The firm has a market cap of C$116.38 million, a P/E ratio of -4.21 and a beta of 1.35.
About Oncolytics Biotech
(
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Oncolytics Biotech Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing pelareorep, an intravenously delivered immunotherapeutic agent, which is in phase 3 clinical trial for the treatment of hormone receptor-positive / human epidermal growth factor 2-negative metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma.
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