Neoleukin Therapeutics (NASDAQ:NLTX) Trading Down 4.8% – What’s Next?

Neoleukin Therapeutics, Inc. (NASDAQ:NLTXGet Free Report) was down 4.8% during mid-day trading on Monday . The stock traded as low as $21.50 and last traded at $21.83. Approximately 224,694 shares traded hands during trading, an increase of 348% from the average daily volume of 50,104 shares. The stock had previously closed at $22.92.

Neoleukin Therapeutics Stock Down 4.8%

The firm has a market capitalization of $205.16 million, a P/E ratio of -7.02 and a beta of 1.11. The company’s 50 day moving average is $14.67 and its 200-day moving average is $17.59.

About Neoleukin Therapeutics

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Neoleukin Therapeutics, Inc, a biopharmaceutical company, develops immunotherapies for cancer, inflammation, and autoimmunity disorders using protein design technology. The company's lead product candidate is NL-201, a de novo protein designed to mimic the therapeutic activity of the cytokines interleukin (IL)-2/IL-15 for the treatment of various types of cancer, including renal cell carcinoma and melanoma.

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