Helix BioPharma (OTCMKTS:HBPCF) Stock Price Down 11.6% – Here’s Why

Helix BioPharma Corp. (OTCMKTS:HBPCFGet Free Report) fell 11.6% during mid-day trading on Tuesday . The company traded as low as $0.65 and last traded at $0.65. 2,900 shares traded hands during trading, an increase of 136% from the average session volume of 1,228 shares. The stock had previously closed at $0.74.

Helix BioPharma Price Performance

The stock’s 50-day moving average is $0.86 and its 200-day moving average is $0.40. The stock has a market cap of $159.32 million, a price-to-earnings ratio of -32.50 and a beta of 0.02.

About Helix BioPharma

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Helix BioPharma Corp. operates as an immune-oncology company in Canada. It is developing L-DOS47 for the treatment of non-small cell lung cancer; and V-DOS47 that targets the vascular epithelial growth factor receptor 2. Helix BioPharma Corp. has collaboration agreements with Moffitt Cancer Center to investigate the pharmacodynamics of L-DOS47 and determine the benefits of combining L-DOS47 with immune checkpoint inhibitors; and with University Hospital Tuebingen to assess the therapeutic response of L-DOS47 in cancer models expressing CEACAM6, with advanced preclinical metabolic imaging.

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