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Ondine Biomedical (LON:OBI) Stock Price Up 10% - Time to Buy?

Ondine Biomedical logo with Medical background

Ondine Biomedical Inc. (LON:OBI - Get Free Report)'s stock price was up 10% during trading on Monday . The company traded as high as C$11.50 and last traded at C$11.00. Approximately 330,109 shares traded hands during trading, an increase of 40% from the average daily volume of 236,293 shares. The stock had previously closed at C$10.00.

Ondine Biomedical Trading Up 5.9%

The firm has a market capitalization of C$103.54 million, a price-to-earnings ratio of -4.34 and a beta of 0.10. The company has a quick ratio of 8.26, a current ratio of 1.36 and a debt-to-equity ratio of 25.95. The business's fifty day moving average is C$9.30 and its 200 day moving average is C$9.81.

About Ondine Biomedical

(Get Free Report)

Ondine Biomedical is a life sciences company leading the charge in breakthrough photodisinfection-based therapies to prevent and treat serious infections, including those caused by existing, emerging, and antimicrobial-resistant pathogens. Our vision is a world free from infections. We have created a patented, platform technology (photodisinfection) to provide simple solutions to complex infections across different therapeutic areas in healthcare and industry settings.

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