Oncolytics Biotech (TSE:ONC) Reaches New 12-Month Low – Here’s Why

Oncolytics Biotech Inc. (TSE:ONCGet Free Report) shares 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 changing hands. The stock had previously closed at C$0.90.

Oncolytics Biotech Stock Performance

The company has a market cap of C$66.28 million, a PE ratio of -2.40 and a beta of 1.35. 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 stock’s 50-day simple moving average is C$1.02 and its 200 day simple moving average is 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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