Neoleukin Therapeutics (NASDAQ:NLTX) Reaches New 1-Year High – Here’s Why

Shares of Neoleukin Therapeutics, Inc. (NASDAQ:NLTXGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $65.64 and last traded at $64.40, with a volume of 337436 shares traded. The stock had previously closed at $66.00.

Neoleukin Therapeutics Price Performance

The firm has a market capitalization of $605.23 million, a price-to-earnings ratio of -21.22 and a beta of 1.11. The firm’s 50-day simple moving average is $43.98 and its 200 day simple moving average is $38.91.

Neoleukin Therapeutics Company Profile

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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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