Oncolytics Biotech (TSE:ONC) Shares Down 1.6% – Here’s What Happened

Oncolytics Biotech Inc. (TSE:ONC)’s stock price dropped 1.6% during mid-day trading on Thursday . The company traded as low as C$1.18 and last traded at C$1.20. Approximately 123,141 shares were traded during mid-day trading, an increase of 72% from the average daily volume of 71,561 shares. The stock had previously closed at C$1.22.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised Oncolytics Biotech to a “moderate buy” rating in a report on Thursday, November 14th.

Oncolytics Biotech Trading Down 1.7 %

The firm has a market capitalization of C$90.69 million, a price-to-earnings ratio of -3.11 and a beta of 1.35. The business’s 50 day moving average price is C$1.52 and its 200-day moving average price is C$1.42. The company has a debt-to-equity ratio of 6.09, a current ratio of 4.99 and a quick ratio of 8.86.

About Oncolytics Biotech

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.