Shares of Oncolytics Biotech Inc. (TSE:ONC - Get Free Report) were up 24.1% during mid-day trading on Tuesday . The company traded as high as C$1.72 and last traded at C$1.70. Approximately 805,450 shares were traded during mid-day trading, an increase of 496% from the average daily volume of 135,254 shares. The stock had previously closed at C$1.37.
Analyst Ratings Changes
Separately, Jones Trading downgraded shares of Oncolytics Biotech from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.
Check Out Our Latest Analysis on ONC
Oncolytics Biotech Stock Up 6.0%
The company's fifty day moving average price is C$0.81 and its 200-day moving average price is C$0.94. The stock has a market capitalization of C$123.32 million, a PE ratio of -4.46 and a beta of 1.35. The company has a quick ratio of 8.86, a current ratio of 2.99 and a debt-to-equity ratio of 11.75.
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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