Shares of Oncolytics Biotech Inc. (TSE:ONC - Get Free Report) rose 24.1% during mid-day trading on Wednesday . The company traded as high as C$1.72 and last traded at C$1.70. Approximately 892,106 shares traded hands during 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 Oncolytics Biotech from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th.
Get Our Latest Stock Report on Oncolytics Biotech
Oncolytics Biotech Stock Up 6.0%
The company has a current ratio of 2.99, a quick ratio of 8.86 and a debt-to-equity ratio of 11.75. The stock has a 50-day simple moving average of C$0.82 and a 200-day simple moving average of C$0.94. The company has a market cap of C$123.32 million, a price-to-earnings ratio of -4.46 and a beta of 1.35.
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
Before you consider Oncolytics Biotech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oncolytics Biotech wasn't on the list.
While Oncolytics Biotech currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
