ProMetic Life Sciences (TSE:PLI) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of ProMetic Life Sciences Inc. (TSE:PLIGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$13.72. ProMetic Life Sciences shares last traded at C$13.60, with a volume of 921 shares traded.

ProMetic Life Sciences Stock Performance

The company has a current ratio of 4.06, a quick ratio of 3.66 and a debt-to-equity ratio of 37.47. The company has a market capitalization of C$317.06 million and a P/E ratio of -0.22. The stock has a 50-day moving average of C$13.60.

ProMetic Life Sciences Company Profile

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Prometic Life Sciences Inc operates as a biopharmaceutical company with two drug discovery platforms that focuses on unmet medical needs in the field of fibrosis and orphan diseases. Its product pipeline includes PBI-4050, an orally active lead drug candidate for fibrosis; plasminogen, a biopharmaceutical for the treatment of congenital plasminogen deficiency; and intravenous immunoglobulin, a preparation of antibodies purified from plasma donations from healthy individuals.

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