Theralase Technologies Inc. (CVE:TLT) traded up 6.1% during mid-day trading on Monday . The stock traded as high as C$0.52 and last traded at C$0.52. 160,400 shares traded hands during trading, a decline of 58% from the average session volume of 382,736 shares. The stock had previously closed at C$0.49.
The company has a market cap of $68.03 million and a price-to-earnings ratio of -16.33.
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Theralase Technologies Inc, a clinical stage pharmaceutical company, engages in the research and development of photo dynamic compounds and their associated drug formulations to destroy various cancers in Canada, the United States, and internationally. It operates in two divisions, Photo Dynamic Therapy and Therapeutic Laser Technology.
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