Onconova Therapeutics Inc (NASDAQ:ONTX) is moving sharply higher in early trading in Tuesday’s session . ONTX traded above the April resistance area and after some profit taking could head higher.
As of 10:04, ONTX is soaring 28% to trade at $0.79. So far more than 50.20 million shares have exchanged hands, well above its 30-day moving average volume of 24.14 million shares.
ONTX Releases Q1 Earnings
Onconova Therapeutics Reports First Quarter 2021 Financial Results and Provides Business Update
- Cash and cash equivalents as of March 31, 2021 were $48.0 million, compared with $19.0 million as of December 31, 2020.
- Net loss for the first quarter of 2021 was $4.7 million, or $0.02 per share on 219.2 million weighted average shares outstanding, compared with a net loss for the first quarter of 2020 of $5.1 million, or $0.03 per share on 160.3 million weighted average shares outstanding.
- Research and development expenses were $1.9 million for the first quarter of 2021, compared with $3.4 million for the first quarter of 2020.
|SHARES OUTSTANDING||236.61 M|
|SHARE FLOAT (%)||221.71 M (93.70%)|
|% HELD BY INSTITUTIONS||10.90|
Recent Stock Performance
|+/- EMA(20)||0.65 (+23.08%)|
|+/- SMA(50)||0.82 (-2.44%)|
|+/- SMA(200)||0.63 (+26.98%)|
|CCI20||-30.8072||Neutral||Chaikin Money Flow||-0.1579||Sell|
|MACD||-0.0914||Sell||Money Flow Index||34.4738||Sell|
|STOCH (14,3)||43.5074||Buy||STOCH RSI||1.0000||OverBought|