Liberty Biopharma (CVE:LTY) Shares Pass Below 50 Day Moving Average – What’s Next?

Liberty Biopharma Inc (CVE:LTYGet Free Report)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.00 and traded as low as C$2.00. Liberty Biopharma shares last traded at C$2.00, with a volume of 700 shares changing hands.

Liberty Biopharma Price Performance

The company has a market cap of C$21.54 million and a P/E ratio of -12.66. The stock has a 50-day simple moving average of C$2.00 and a 200 day simple moving average of C$2.00. The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.12 and a current ratio of 0.12.

About Liberty Biopharma

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Liberty Biopharma Inc, a clinical stage biopharmaceutical company, engages in the research, development, and commercialization of an automated bioprocessing and cell isolation technology. Its technology is used in the isolation of regenerative cells from human adipose tissues for use in research, cosmetic and aesthetic medicine, burn management, wound management and non-healing wounds, cardiovascular and heart diseases, peripheral arterial disease, critical limb ischemia or diabetic leg, and hepatic disease and kidney disease.

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