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Medicenna Therapeutics (TSE:MDNA) Hits New 52-Week Low - Here's What Happened

Medicenna Therapeutics logo with Medical background

Medicenna Therapeutics Corp. (TSE:MDNA - Get Free Report)'s share price hit a new 52-week low on Friday . The company traded as low as C$0.89 and last traded at C$0.89, with a volume of 15062 shares. The stock had previously closed at C$0.93.

Medicenna Therapeutics Stock Up 9.4 %

The firm has a market cap of C$69.58 million, a price-to-earnings ratio of -2.56 and a beta of 1.21. The company has a quick ratio of 4.65, a current ratio of 11.40 and a debt-to-equity ratio of 0.88. The firm has a fifty day moving average price of C$1.07 and a 200-day moving average price of C$1.56.

Insider Transactions at Medicenna Therapeutics

In other news, Senior Officer David Hyman purchased 20,000 shares of the company's stock in a transaction on Thursday, January 9th. The stock was bought at an average cost of C$1.45 per share, for a total transaction of C$29,000.00. Insiders own 22.57% of the company's stock.

Medicenna Therapeutics Company Profile

(Get Free Report)

Medicenna Therapeutics Corp is a Canada based immuno-oncology company. Its principal business activity is the development and commercialization of Empowered Cytokines and Superkines for the treatment of cancer. The company is engaged in developing Interleukin-4 Empowered Cytokines that specifically target the Interleukin-4 Receptor which is over-expressed by 20 different cancers, cancer stem cells and immunosuppressive cells of the tumor microenvironment.

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