Theralase Technologies (CVE:TLT) Trading 24.5% Higher – Here’s Why

Theralase Technologies Inc. (CVE:TLTGet Free Report) shares traded up 24.5% on Monday . The company traded as high as C$0.36 and last traded at C$0.31. 645,781 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 407,451 shares. The stock had previously closed at C$0.25.

Theralase Technologies Stock Performance

The stock has a market cap of C$70.20 million, a PE ratio of -14.72 and a beta of -0.35. The company has a debt-to-equity ratio of 14.85, a current ratio of 1.91 and a quick ratio of 3.40. The stock has a 50-day simple moving average of C$0.18 and a 200-day simple moving average of C$0.19.

About Theralase Technologies

(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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