Oncolytics Biotech (TSE:ONC) Sets New 12-Month Low – Here’s What Happened

Oncolytics Biotech Inc. (TSE:ONCGet Free Report)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.86 and last traded at C$0.88, with a volume of 6500 shares traded. The stock had previously closed at C$0.90.

Oncolytics Biotech Stock Performance

The company has a debt-to-equity ratio of 11.75, a current ratio of 2.99 and a quick ratio of 8.86. The company has a market cap of C$65.51 million, a price-to-earnings ratio of -2.37 and a beta of 1.35. The stock has a 50-day moving average price of C$1.02 and a 200 day moving average price of C$1.27.

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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