Race Oncology (ASX:RAC) Shares Down 2.9%

Race Oncology Ltd (ASX:RAC)’s stock price dropped 2.9% during mid-day trading on Monday . The company traded as low as A$0.34 ($0.24) and last traded at A$0.34 ($0.24), approximately 76,322 shares traded hands during trading. The stock had previously closed at A$0.35 ($0.25).

The company has a market cap of $39.30 million and a price-to-earnings ratio of -9.71. The business’s 50 day simple moving average is A$0.31 and its 200-day simple moving average is A$0.26.

About Race Oncology (ASX:RAC)

Race Oncology Limited operates as a specialty pharmaceutical company in Australia. It develops Bisantrene, a small molecule cancer chemotherapy drug that is used for the treatment of acute myeloid leukaemia. The company was formerly known as Coronado Resources Limited and changed its name to Race Oncology Limited in July 2016.

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