Oncolytics Biotech (TSE:ONC) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Oncolytics Biotech Inc. (TSE:ONCGet Free Report) passed above its 200-day moving average during trading on Monday . 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 trading hands.

Oncolytics Biotech Trading Down 1.3%

The company has a current ratio of 2.88, a quick ratio of 8.86 and a debt-to-equity ratio of 14.58. The company has a market capitalization of C$1.50 billion, a P/E ratio of -40.27 and a beta of 0.80. The business has a 50 day moving average price of C$14.90 and a 200 day moving average price of C$14.90.

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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