Shares of Oncolytics Biotech Inc. (TSE:ONC - Get Free Report) traded up 24.1% during trading on Wednesday . The company traded as high as C$1.72 and last traded at C$1.70. 892,106 shares changed 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.
Wall Street Analysts Forecast Growth
Separately, Jones Trading lowered Oncolytics Biotech from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.
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Oncolytics Biotech Stock Performance
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 company has a 50-day simple moving average of C$0.82 and a two-hundred day simple moving average of C$0.94. The firm has a market cap of C$123.32 million, a PE ratio of -4.46 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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