Medicenna Therapeutics (TSE:MDNA) Shares Down 2% - Here's Why

Medicenna Therapeutics Corp. (TSE:MDNA - Get Free Report)'s stock price was down 2% during trading on Friday . The company traded as low as C$0.97 and last traded at C$0.98. Approximately 9,578 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 64,439 shares. The stock had previously closed at C$1.00.

Medicenna Therapeutics Stock Performance

The company has a market capitalization of C$74.82 million, a price-to-earnings ratio of -2.75 and a beta of 1.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 11.40 and a quick ratio of 4.65. The company's 50-day moving average price is C$1.15 and its two-hundred day moving average price is C$1.63.

Insider Transactions at Medicenna Therapeutics

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

About Medicenna Therapeutics

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.