ProNAi Therapeutics Inc. (DNAI) 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 DNAI have clocked gains of 3.59% to $1.95 after closing the day prior at $1.88. In the first two and a half hours of trading, the stock has gone as high as $1.98 and as low as $1.86. Today’s rise has come with about 712,798 shares changing hands, compared to an average 30-day volume of 675,339 for ProNAi Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $1.93 for DNAI.
The share appreciation gives the company a market capitalization of $57.01 million based upon 30.33 million shares outstanding. It also means that DNAI has a price-to-book ratio of 0.46:1.
In the past 52 weeks, shares of DNAI have traded as low as $1.77 and as high as $29.14. Technical traders will take note that at $1.95, shares of DNAI are trading below their 200-day MA at $5.76 and above their 50-day MA at $1.92. 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 DNAI?
ProNAi Therapeutics Inc is a clinical-stage oncology company pioneering a novel class of therapeutics based on its proprietary DNAi technology platform. The company’s 52 employees are led by CEO Nick Glover from the corporate headquarters at 2150 – 885 West Georgia Street in Vancouver, BC.
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