Onconova Therapeutics Inc. (ONTX) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of ONTX have climbed 4.41% about 30 minutes into the session to $3.01 after closing the day prior at $2.88. It’s early, but the stock has traded as high as $3.01 and as low as $3.01 so far. Today’s quick advance has come with about 366 shares changing hands, compared to an average 30-day volume of 263,825 for Onconova Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $3.01 for ONTX.
The share appreciation gives the company a market capitalization of $18.26 million based upon 6.34 million shares outstanding. It also means that ONTX has a price-to-book ratio of 15.0:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of ONTX have traded as low as $2.62 and as high as $18.9. Technical traders will take note that at $3.01, shares of ONTX are trading below their 200-day MA at $5.36 and below their 50-day MA at $3.55. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is ONTX?
Onconova Therapeutics Inc is a clinical-stage biopharmaceutical company engaged in discovering and developing novel small molecule drug candidates to treat cancer. The Company has three clinical-stage product candidates and six preclinical programs. The company’s 36 employees are led by CEO Ramesh Kumar from the corporate headquarters at 375 Pheasant Run.
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