Oncolytics Biotech, Inc. (TSE:ONC) hit a new 52-week low on Wednesday . The stock traded as low as C$2.20 and last traded at C$2.22, with a volume of 20914 shares. The stock had previously closed at C$2.27.
Separately, Royal Bank of Canada decreased their price objective on Oncolytics Biotech from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th.
The firm has a market capitalization of $46.28 million and a price-to-earnings ratio of -2.50. The company has a debt-to-equity ratio of 13.67, a current ratio of 3.39 and a quick ratio of 3.14.
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Oncolytics Biotech Company Profile (TSE:ONC)
Oncolytics Biotech Inc, a development stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing REOLYSIN, an immuno-oncology viral-agent that comprises three programs: chemotherapy combinations to trigger selective tumor lysis; immune modulator combinations to facilitate innate immune responses; and immuno-therapy combinations to produce adaptive immune responses.
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