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

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

Neoleukin Therapeutics Stock Performance

The company’s 50-day moving average price is $42.80 and its 200 day moving average price is $39.28. The stock has a market capitalization of $209.95 million, a PE ratio of -7.18 and a beta of 1.11.

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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