Antibe Therapeutics (ATE) Trading 15.3% Higher

Antibe Therapeutics Inc (CVE:ATE)’s share price traded up 15.3% during trading on Monday . The stock traded as high as C$0.35 and last traded at C$0.34. 1,209,441 shares traded hands during mid-day trading, an increase of 113% from the average session volume of 568,696 shares. The stock had previously closed at C$0.30.

The company has a market cap of $71.72 million and a P/E ratio of -5.74. The company has a quick ratio of 2.10, a current ratio of 3.77 and a debt-to-equity ratio of 35.82.

Antibe Therapeutics (CVE:ATE) last released its earnings results on Friday, February 15th. The company reported C($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.01). The business had revenue of C$2.50 million during the quarter, compared to analyst estimates of C$2.20 million. As a group, research analysts expect that Antibe Therapeutics Inc will post -0.0300000010169492 EPS for the current fiscal year.

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Antibe Therapeutics Company Profile (CVE:ATE)

Antibe Therapeutics Inc, a pharmaceutical development company, originates, develops, and out-licenses patent protected pharmaceuticals in Canada, Europe, and the United States. Its drugs are designed to prevent the gastrointestinal damage and bleeding caused by non-steroidal anti-inflammatory drugs. The company's lead compound is ATB-346, a hydrogen sulfide-releasing derivative of naproxen for treating rheumatoid arthritis, ankylosing spondylitis, and general pain reduction, which has completed Phase IIB gastrointestinal safety study.

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