Oncolytics Biotech Inc. (TSE:ONC - Get Free Report)'s share price rose 24.1% during trading on Wednesday . The stock traded as high as C$1.72 and last traded at C$1.70. Approximately 892,106 shares traded hands during mid-day trading, an increase of 556% from the average daily volume of 135,968 shares. The stock had previously closed at C$1.37.
Analyst Ratings Changes
Separately, Jones Trading lowered shares of Oncolytics Biotech from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th.
View Our Latest Research Report on ONC
Oncolytics Biotech Stock Up 6.0%
The business's 50 day moving average price is C$0.82 and its 200 day moving average price is C$0.94. The firm has a market cap of C$123.32 million, a price-to-earnings ratio of -4.46 and a beta of 1.35. The company has a debt-to-equity ratio of 11.75, a quick ratio of 8.86 and a current ratio of 2.99.
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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