enGene (NASDAQ:ENGNW) Trading Up 14.2% – Should You Buy?

enGene Holdings Inc. (NASDAQ:ENGNWGet Free Report) shares shot up 14.2% during mid-day trading on Friday . The company traded as high as $2.50 and last traded at $2.50. 620 shares were traded during mid-day trading, a decline of 95% from the average session volume of 11,437 shares. The stock had previously closed at $2.19.

enGene Stock Performance

The company’s 50-day moving average is $1.62 and its 200-day moving average is $1.07.

enGene Company Profile

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enGene Holdings Inc, through its subsidiary enGene, Inc, operates as a clinical-stage biotechnology company that develops genetic medicines through the delivery of therapeutics to mucosal tissues and other organs. Its lead product candidate is EG-70 (detalimogene voraplasmid), which is a non-viral immunotherapy to treat non-muscle invasive bladder cancer patients with carcinoma-in-situ (Cis), who are unresponsive to treatment with Bacillus Calmette-Guérin.

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