Medicenna Therapeutics (TSE:MDNA) Trading Up 5.6% – Still a Buy?

Medicenna Therapeutics Corp. (TSE:MDNAGet Free Report)’s share price traded up 5.6% during trading on Friday . The company traded as high as C$1.14 and last traded at C$1.13. 28,295 shares changed hands during trading, a decline of 47% from the average session volume of 53,271 shares. The stock had previously closed at C$1.07.

Medicenna Therapeutics Price Performance

The company has a fifty day simple moving average of C$1.02 and a two-hundred day simple moving average of C$1.36. The stock has a market capitalization of C$84.54 million, a price-to-earnings ratio of -3.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.65 and a current ratio of 11.40.

Medicenna Therapeutics Company Profile

(Get Free Report)

Medicenna Therapeutics Corp is a Canada based immuno-oncology company. Its principal business activity is the development and commercialization of Empowered Cytokines and Superkines for the treatment of cancer. The company is engaged in developing Interleukin-4 Empowered Cytokines that specifically target the Interleukin-4 Receptor which is over-expressed by 20 different cancers, cancer stem cells and immunosuppressive cells of the tumor microenvironment.

Further Reading

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