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Medicenna Therapeutics (TSE:MDNA) Trading Down 3.8% - Should You Sell?

Medicenna Therapeutics logo with Medical background

Medicenna Therapeutics Corp. (TSE:MDNA - Get Free Report) shares were down 3.8% during mid-day trading on Monday . The company traded as low as C$1.17 and last traded at C$1.27. Approximately 47,723 shares changed hands during trading, a decline of 27% from the average daily volume of 65,261 shares. The stock had previously closed at C$1.32.

Medicenna Therapeutics Stock Up 0.8 %

The firm has a market capitalization of C$97.07 million, a price-to-earnings ratio of -3.34 and a beta of 1.21. The business's fifty day moving average price is C$1.56 and its 200 day moving average price is C$1.92. The company has a current ratio of 2.51, a quick ratio of 4.65 and a debt-to-equity ratio of 0.06.

Insider Activity

In related news, Senior Officer David Hyman bought 20,000 shares of the company's stock in a transaction dated Thursday, January 9th. The shares were acquired at an average price of C$1.45 per share, with a total value of C$29,000.00. Corporate insiders own 22.57% of the company's stock.

About Medicenna Therapeutics

(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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