ProMIS Neurosciences (TSE:PMN) Stock Price Down 3.8% – Here’s Why

ProMIS Neurosciences, Inc. (TSE:PMNGet Free Report) dropped 3.8% during mid-day trading on Monday . The company traded as low as C$5.98 and last traded at C$6.00. Approximately 19,701 shares were traded during trading, an increase of 492% from the average daily volume of 3,327 shares. The stock had previously closed at C$6.24.

ProMIS Neurosciences Price Performance

The company has a debt-to-equity ratio of 108.33, a current ratio of 0.51 and a quick ratio of 1.30. The company’s fifty day moving average is C$6.00. The company has a market capitalization of C$51.48 million, a PE ratio of -1.78 and a beta of 1.19.

About ProMIS Neurosciences

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ProMIS Neurosciences, Inc discovers and develops antibody therapies and therapeutic vaccines neurodegenerative diseases and other misfolded protein diseases in Canada. The company's proprietary discovery platform comprises ProMIS and Collective Coordinates algorithms to predict novel targets known as disease specific epitopes on the molecular surface of misfolded proteins.

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