Oncolytics Biotech (TSE:ONC) Trading Down 16.3%

Oncolytics Biotech, Inc. (TSE:ONC)’s stock price dropped 16.3% on Thursday . The company traded as low as C$1.25 and last traded at C$1.34, approximately 149,252 shares were traded during trading. An increase of 174% from the average daily volume of 54,528 shares. The stock had previously closed at C$1.60.

Separately, Roth Capital reiterated a “buy” rating on shares of Oncolytics Biotech in a research report on Wednesday, September 4th.

The stock’s 50-day moving average price is C$0.89 and its 200 day moving average price is C$1.63. The firm has a market capitalization of $36.01 million and a price-to-earnings ratio of -1.38. The company has a quick ratio of 2.76, a current ratio of 3.21 and a debt-to-equity ratio of 18.21.

Oncolytics Biotech (TSE:ONC) last issued its earnings results on Tuesday, August 13th. The company reported C($0.26) EPS for the quarter. On average, sell-side analysts anticipate that Oncolytics Biotech, Inc. will post -0.5618572 earnings per share for the current year.

Oncolytics Biotech Company Profile (TSE:ONC)

Oncolytics Biotech Inc, a development stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing REOLYSIN, an immuno-oncology viral-agent that comprises three programs: chemotherapy combinations to trigger selective tumor lysis; immune modulator combinations to facilitate innate immune responses; and immuno-therapy combinations to produce adaptive immune responses.

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