Theralase Technologies (CVE:TLT) Shares Up 3.8% – Here’s Why

Theralase Technologies Inc. (CVE:TLTGet Free Report) shares rose 3.8% on Tuesday . The stock traded as high as C$0.27 and last traded at C$0.27. 43,002 shares traded hands during trading, a decline of 82% from the average session volume of 232,504 shares. The stock had previously closed at C$0.26.

Theralase Technologies Stock Performance

The firm has a market cap of C$79.83 million, a price-to-earnings ratio of -19.29 and a beta of -0.57. The firm’s 50 day moving average is C$0.25 and its 200-day moving average is C$0.27. The company has a debt-to-equity ratio of 22.13, a quick ratio of 3.40 and a current ratio of 1.37.

Theralase Technologies Company Profile

(Get Free Report)

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

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