Quest PharmaTech (CVE:QPT) Trading Down 25% – Here’s What Happened

Quest PharmaTech Inc. (CVE:QPT) shares were down 25% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 123,238 shares traded hands during mid-day trading, an increase of 414% from the average daily volume of 23,982 shares. The stock had previously closed at C$0.04.

Quest PharmaTech Trading Down 25.0%

The company has a quick ratio of 0.52, a current ratio of 0.40 and a debt-to-equity ratio of 4.35. The firm has a market cap of C$5.07 million, a PE ratio of -30.00 and a beta of 0.00. The company’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04.

About Quest PharmaTech

Quest PharmaTech Inc, a pharmaceutical company, engages in the development of novel therapeutics for the treatment of targeted cancer. Its lead product candidate is Mab AR 9.6 against truncated O-glycan on MUC16, for targeted cancer therapy applications. The company also offers Oregovomab, which is in Phase III clinical trial for the treatment of ovarian cancer. In addition, it develops, manufactures, and commercializes immunotherapy products for pancreatic cancer; and combinatorial immunotherapeutic products for the treatment cancer by using monoclonal antibodies of the immunoglobulin of G and E class.