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Oncolytics Biotech (TSE:ONC) Stock Price Up 24.1% - Here's What Happened

Oncolytics Biotech logo with Medical background

Oncolytics Biotech Inc. (TSE:ONC - Get Free Report) shot up 24.1% on Tuesday . The stock traded as high as C$1.72 and last traded at C$1.70. 892,106 shares traded hands during trading, an increase of 556% from the average session volume of 135,968 shares. The stock had previously closed at C$1.37.

Analyst Ratings Changes

Separately, Jones Trading downgraded Oncolytics Biotech from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th.

Get Our Latest Research Report on Oncolytics Biotech

Oncolytics Biotech Price Performance

The stock has a market capitalization of C$124.09 million, a price-to-earnings ratio of -4.49 and a beta of 1.35. The company has a fifty day simple moving average of C$0.78 and a 200 day simple moving average of C$0.93. The company has a debt-to-equity ratio of 11.75, a quick ratio of 8.86 and a current ratio of 2.99.

Oncolytics Biotech Company Profile

(Get Free Report)

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.

Further Reading

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