Oncolytics Biotech (TSE:ONC) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Oncolytics Biotech Inc. (TSE:ONCGet Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.90 and traded as high as C$14.90. Oncolytics Biotech shares last traded at C$14.90, with a volume of 280 shares traded.

Oncolytics Biotech Trading Down 1.3%

The company has a market capitalization of C$1.50 billion, a PE ratio of -40.27 and a beta of 0.80. The company’s fifty day moving average is C$14.90 and its 200-day moving average is C$14.90. The company has a debt-to-equity ratio of 14.58, a current ratio of 2.88 and a quick ratio of 8.86.

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. It has a co-development agreement with Merck KGaA and Pfizer Inc to co-develop pelareorep, as well as with Roche Holding AG.

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