Helix BioPharma (TSE:HBP) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Helix BioPharma Corp. (TSE:HBP) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.49 and traded as low as C$1.41. Helix BioPharma shares last traded at C$1.44, with a volume of 1,100 shares traded.

Helix BioPharma Stock Performance

The firm has a market capitalization of C$109.98 million, a P/E ratio of -36.00 and a beta of 0.43. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.45 and a quick ratio of 1.03. The firm has a 50-day moving average price of C$1.49 and a two-hundred day moving average price of C$1.78.

Helix BioPharma (TSE:HBP) last posted its quarterly earnings results on Friday, June 12th. The biopharmaceutical company reported C($0.01) EPS for the quarter. On average, analysts forecast that Helix BioPharma Corp. will post -0.11 EPS for the current fiscal year.

About Helix BioPharma

Helix BioPharma is an oncology company that innovates from strength to bring near-term solutions for today’s hardest-to-treat cancers. The Company’s pipeline is led by Tumor Defense Breaker¿ L-DOS47, a clinical-stage antibody-enzyme conjugate designed to prime CEACAM6-expressing tumors for increased sensitivity to therapy and augment the effectiveness of today’s front-running anti-cancer treatments. L-DOS47 has completed Phase Ib studies in non-small cell lung cancer (NSCLC) and shares its CEACAM6-targeting foundation with Helix’s next-generation bi-specific antibody-drug conjugates (ADCs), currently in discovery.