Neoleukin Therapeutics (NASDAQ:NLTX) Stock Falls 3% – Here’s What Happened

Neoleukin Therapeutics, Inc. (NASDAQ:NLTX – Get Free Report) was down 3% during mid-day trading on Monday. The company traded as low as $23.0750 and last traded at $23.55. 124,512 shares changed hands during trading, an increase of 149% from the average session volume of 50,104 shares. The stock had previously closed at $24.28.

Neoleukin Therapeutics Trading Down 3.0%

The company’s 50 day simple moving average is $31.95 and its 200 day simple moving average is $27.45. The stock has a market capitalization of $221.32 million, a PE ratio of -7.57 and a beta of 1.11.

About Neoleukin Therapeutics

(Get Free Report)

Neoleukin Therapeutics, Inc was a biotechnology company focused on designing and developing computationally engineered immunotherapies for cancer and other serious diseases. The company used protein-engineering technologies to create novel cytokine therapies intended to stimulate the immune system while addressing limitations associated with naturally occurring cytokines.

Its leading product candidate was NL-201, a de novo protein designed to selectively activate pathways associated with interleukin-2 and interleukin-15.

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