Roquefort Therapeutics (LON:ROQ) Stock Price Down 4% – Here’s What Happened

Roquefort Therapeutics plc (LON:ROQ)’s stock price dropped 4% on Tuesday . The company traded as low as GBX 1.54 ($0.02) and last traded at GBX 1.58 ($0.02). Approximately 1,571,627 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 2,554,864 shares. The stock had previously closed at GBX 1.64 ($0.02).

Roquefort Therapeutics Trading Down 6.3%

The company has a debt-to-equity ratio of 12.37, a quick ratio of 3.07 and a current ratio of 0.79. The business’s 50 day moving average price is GBX 1.74 and its two-hundred day moving average price is GBX 3. The company has a market capitalization of £1.91 million, a price-to-earnings ratio of -1.24 and a beta of 0.05.

Roquefort Therapeutics (LON:ROQ) last released its earnings results on Wednesday, April 30th. The company reported GBX (0.75) (($0.01)) earnings per share for the quarter. Roquefort Therapeutics had a negative return on equity of 29.57% and a negative net margin of 57,057.07%.

About Roquefort Therapeutics

Roquefort Therapeutics is a LSE Main Market listed biotech company developing first in class drugs in the high value and high growth oncology segment prior to partnering or selling to big pharma. Since listing in March 2021, Roquefort Therapeutics has successfully acquired Lyramid Pty Limited, a leader in the development of medicines for a new therapeutic target, Midkine (a human growth factor associated with cancer progression), and most recently acquired Oncogeni Ltd, founded by Nobel Laureate Professor Sir Martin Evans, which has developed two families of innovative cell and RNA oncology medicines.