Benitec Biopharma Limited (BNTC) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 23. At the lunch break, shares of BNTC have clocked gains of 4.51% to $1.39 after closing the day prior at $1.33. In the first two and a half hours of trading, the stock has gone as high as $1.46 and as low as $1.32. Today’s rise has come with about 9,906 shares changing hands, compared to an average 30-day volume of 19,602 for Benitec Biopharma Limited. The price is currently below the 30-day volume weighted average price of $1.33 for BNTC.
The share appreciation gives the company a market capitalization of $9.74 million based upon 7.33 million shares outstanding. It also means that BNTC has a price-to-book ratio of 0.51:1.
In the past 52 weeks, shares of BNTC have traded as low as $1.2 and as high as $7.3. Technical traders will take note that at $1.39, shares of BNTC are trading below their 200-day MA at $2.23 and below their 50-day MA at $1.69. 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 BNTC?
Benitec Biopharma Ltd is engaged developing treatments for chronic and life-threatening diseases to address unmet medical needs, based on its transformational technology, DNA-directed RNA interference (ddRNAi). The company’s 15 employees are led by CEO Peter French from the corporate headquarters at F6A/1-15 Barr Street in Balmain, NSW.
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