Neoleukin Therapeutics (NASDAQ:NLTX) Shares Down 3% – Here’s Why

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

Neoleukin Therapeutics Stock Up 14.7%

The firm has a 50 day moving average price of $31.26 and a 200-day moving average price of $27.54. The stock has a market capitalization of $253.65 million, a PE ratio of -8.68 and a beta of 1.11.

Neoleukin Therapeutics Company Profile

(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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