enGene (NASDAQ:ENGNW) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Shares of enGene Holdings Inc. (NASDAQ:ENGNW – Get Free Report) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $0.20 and traded as high as $0.2749. enGene shares last traded at $0.26, with a volume of 1,505 shares trading hands.

enGene Stock Up 69.2%

The stock’s fifty day simple moving average is $0.20 and its 200-day simple moving average is $1.07.

About enGene

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enGene is a clinical-stage biotechnology company developing non-viral gene therapies. Its approach is designed to deliver genetic material to targeted cells without using a viral vector. The company’s lead candidate, detalimogene voraplasmid (EG-70), is an investigational therapy administered directly into the bladder. It is being developed for non-muscle-invasive bladder cancer, including disease that has not responded to Bacillus Calmette-Guérin (BCG) treatment, and is intended to stimulate an immune response against cancer cells.

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