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Theralase Technologies (CVE:TLT) Trading Down 10.6% - What's Next?

Theralase Technologies logo with Medical background
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Theralase Technologies Inc. (CVE:TLT - Get Free Report) was down 10.6% during trading on Wednesday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 122,607 shares traded hands during trading, an increase of 2% from the average daily volume of 119,964 shares. The stock had previously closed at C$0.24.

Theralase Technologies Stock Performance

The stock has a market capitalization of C$49.92 million, a PE ratio of -10.92 and a beta of 1.36. The business's fifty day moving average is C$0.27 and its two-hundred day moving average is C$0.25. The company has a quick ratio of 3.40, a current ratio of 1.91 and a debt-to-equity ratio of 14.85.

Theralase Technologies Company Profile

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Theralase Technologies Inc, a clinical stage pharmaceutical company, engages in the research and development of light activated photo dynamic compounds (PDCs) and their associated drug formulations to treat cancers, bacteria, and viruses in Canada, the United States, and internationally. It also designs, develops, manufactures, and markets patented and proprietary super-pulsed laser technology for the healing of chronic knee pain, as well as for off-label use to heal various nerve, muscle, and joint conditions.

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