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Oncolytics Biotech (TSE:ONC) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Oncolytics Biotech logo with Medical background

Oncolytics Biotech Inc. (TSE:ONC - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.39 and traded as low as C$1.18. Oncolytics Biotech shares last traded at C$1.21, with a volume of 144,265 shares changing hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on Oncolytics Biotech

Oncolytics Biotech Stock Down 3.3 %

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 firm's fifty day moving average is C$1.33 and its 200 day moving average is C$1.39. The stock has a market cap of C$89.93 million, a P/E ratio of -3.08 and a beta of 1.35.

About Oncolytics Biotech

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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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