Medicenna Therapeutics (TSE:MDNA) Stock Price Up 18.7% – Here’s Why

Medicenna Therapeutics Corp. (TSE:MDNAGet Free Report) shares were up 18.7% during mid-day trading on Thursday . The company traded as high as C$2.16 and last traded at C$1.97. Approximately 198,919 shares changed hands during trading, an increase of 89% from the average daily volume of 105,118 shares. The stock had previously closed at C$1.66.

Medicenna Therapeutics Stock Performance

The company has a quick ratio of 4.65, a current ratio of 2.51 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of C$2.03 and a 200 day moving average price of C$2.10. The stock has a market cap of C$149.80 million, a PE ratio of -5.16 and a beta of 1.21.

Medicenna Therapeutics Company Profile

(Get Free Report)

Medicenna Therapeutics Corp., an immunotherapy company, engages in the development and commercialization of Superkines and empowered Superkines for the treatment of cancer and other diseases. It develops MDNA55, an interleukin- 4 (IL-4) EC for the treatment of recurrent glioblastoma, as well as for brain tumors.

Further Reading

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