Oncolytics Biotech Inc. (TSE:ONC - Get Free Report) shares shot up 24.1% during trading on Tuesday . The company traded as high as C$1.72 and last traded at C$1.70. 892,106 shares were traded during mid-day trading, an increase of 556% from the average session volume of 135,968 shares. The stock had previously closed at C$1.37.
Analysts Set New Price Targets
Separately, Jones Trading downgraded Oncolytics Biotech from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.
Read Our Latest Stock Analysis on ONC
Oncolytics Biotech Stock Down 9.3%
The company has a quick ratio of 8.86, a current ratio of 2.99 and a debt-to-equity ratio of 11.75. The stock has a market cap of C$112.53 million, a PE ratio of -4.07 and a beta of 1.35. The business has a 50 day moving average price of C$0.79 and a 200 day moving average price of C$0.94.
Oncolytics Biotech Company Profile
(
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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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