Medicenna Therapeutics (TSE:MDNA) Shares Up 1.6% – Should You Buy?

Medicenna Therapeutics Corp. (TSE:MDNAGet Free Report)’s stock price shot up 1.6% on Thursday . The company traded as high as C$1.98 and last traded at C$1.87. 29,147 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 102,571 shares. The stock had previously closed at C$1.84.

Medicenna Therapeutics Trading Down 7.5 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.65 and a current ratio of 2.51. The company has a market capitalization of C$132.22 million, a P/E ratio of -4.55 and a beta of 1.21. The company’s fifty day simple moving average is C$1.94 and its 200-day simple moving average is C$2.04.

About Medicenna Therapeutics

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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.

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