Liberty Biopharma (CVE:LTY) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Liberty Biopharma Inc (CVE:LTY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.00 and traded as high as C$2.00. Liberty Biopharma shares last traded at C$2.00, with a volume of 700 shares changing hands.

Liberty Biopharma Stock Performance

The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 8.19. The stock has a market cap of C$21.54 million and a P/E ratio of -12.66. The firm’s 50-day moving average is C$2.00 and its two-hundred day moving average is C$2.00.

About Liberty Biopharma

Liberty Biopharma Inc, a clinical stage biopharmaceutical company, engages in the research, development, and commercialization of an automated bioprocessing and cell isolation technology. Its technology is used in the isolation of regenerative cells from human adipose tissues for use in research, cosmetic and aesthetic medicine, burn management, wound management and non-healing wounds, cardiovascular and heart diseases, peripheral arterial disease, critical limb ischemia or diabetic leg, and hepatic disease and kidney disease.