Neoleukin Therapeutics (NASDAQ:NLTX) Shares Down 9.1% – Here’s Why

Neoleukin Therapeutics, Inc. (NASDAQ:NLTXGet Free Report)’s stock price was down 9.1% on Tuesday . The company traded as low as $22.03 and last traded at $22.34. Approximately 517,592 shares were traded during trading, an increase of 933% from the average daily volume of 50,104 shares. The stock had previously closed at $24.57.

Neoleukin Therapeutics Trading Down 9.1 %

The firm has a market capitalization of $209.95 million, a P/E ratio of -7.18 and a beta of 1.11. The business’s 50 day simple moving average is $42.80 and its two-hundred day simple moving average is $39.28.

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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