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

Oncolytics Biotech Inc. (TSE:ONCGet Free Report) hit a new 52-week low during trading on Friday . The company traded as low as C$0.66 and last traded at C$0.67, with a volume of 125156 shares changing hands. The stock had previously closed at C$0.69.

Oncolytics Biotech Price Performance

The stock has a 50 day moving average of C$0.79 and a two-hundred day moving average of C$1.08. 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 firm has a market capitalization of C$50.10 million, a P/E ratio of -1.81 and a beta of 1.35.

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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