Oncolytics Biotech (TSE:ONC) Hits New 52-Week Low – Here’s What Happened

Oncolytics Biotech Inc. (TSE:ONCGet Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.86 and last traded at C$0.86, with a volume of 47955 shares. The stock had previously closed at C$0.89.

Oncolytics Biotech Price Performance

The company has a debt-to-equity ratio of 11.75, a quick ratio of 8.86 and a current ratio of 2.99. The business’s fifty day simple moving average is C$1.06 and its 200 day simple moving average is C$1.29. The stock has a market cap of C$69.37 million, a price-to-earnings ratio of -2.51 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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