Theralase Technologies (CVE:TLT) Sets New 52-Week Low – Time to Sell?

Theralase Technologies Inc. (CVE:TLTGet Free Report) hit a new 52-week low on Friday . The company traded as low as C$0.15 and last traded at C$0.16, with a volume of 66381 shares trading hands. The stock had previously closed at C$0.16.

Theralase Technologies Price Performance

The firm has a market cap of C$39.84 million, a price-to-earnings ratio of -8.61 and a beta of -0.45. The firm’s fifty day moving average is C$0.19 and its two-hundred day moving average is C$0.20. The company has a debt-to-equity ratio of 14.85, a current ratio of 1.91 and a quick ratio of 3.40.

Theralase Technologies Company Profile

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Theralase Technologies Inc, a clinical stage pharmaceutical company, engages in the research and development of light activated photo dynamic compounds (PDCs) and their associated drug formulations to treat cancers, bacteria, and viruses in Canada, the United States, and internationally. It also designs, develops, manufactures, and markets patented and proprietary super-pulsed laser technology for the healing of chronic knee pain, as well as for off-label use to heal various nerve, muscle, and joint conditions.

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