Theralase Technologies (CVE:TLT) Stock Price Down 10.7%

Theralase Technologies Inc. (CVE:TLT – Get Rating)’s share price was down 10.7% during trading on Friday . The company traded as low as C$0.25 and last traded at C$0.25. Approximately 225,600 shares changed hands during mid-day trading, an increase of 160% from the average daily volume of 86,846 shares. The stock had previously closed at C$0.28.

Theralase Technologies Stock Down 8.9 %

The company has a market cap of C$55.21 million, a P/E ratio of -8.50 and a beta of 1.92. The company has a 50 day moving average of C$0.26 and a 200-day moving average of C$0.31. The company has a debt-to-equity ratio of 13.33, a current ratio of 4.01 and a quick ratio of 3.40.

Theralase Technologies Company Profile

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Theralase Technologies Inc, a clinical stage pharmaceutical company, engages in the research and development of photo dynamic compounds (PDCs) and their associated drug formulations to treat cancer, 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.