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Oncolytics Biotech (TSE:ONC) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Oncolytics Biotech logo with Medical background

Oncolytics Biotech Inc. (TSE:ONC - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.40 and traded as high as C$1.40. Oncolytics Biotech shares last traded at C$1.40, with a volume of 181,909 shares trading hands.

Wall Street Analyst Weigh In

Separately, Raymond James raised Oncolytics Biotech to a "moderate buy" rating in a research note on Thursday, November 14th.

Read Our Latest Report on Oncolytics Biotech

Oncolytics Biotech Trading Up 6.1 %

The company has a current ratio of 4.99, a quick ratio of 8.86 and a debt-to-equity ratio of 6.09. The stock has a market cap of C$107.60 million, a price-to-earnings ratio of -3.68 and a beta of 1.35. The company has a fifty day simple moving average of C$1.38 and a 200-day simple moving average of C$1.40.

About Oncolytics Biotech

(Get Free Report)

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.

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