ProMetic Life Sciences (PLI) Trading 5.3% Higher

ProMetic Life Sciences Inc. (TSE:PLI) shares traded up 5.3% on Friday . The stock traded as high as C$1.65 and last traded at C$1.59. 1,226,966 shares changed hands during trading, a decline of 29% from the average session volume of 1,729,067 shares. The stock had previously closed at C$1.51.

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of ProMetic Life Sciences in a research note on Monday, November 20th. National Bank Financial dropped their price target on shares of ProMetic Life Sciences from C$2.50 to C$2.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$3.50.

The stock has a market cap of $1,110.00, a P/E ratio of -9.18 and a beta of 2.39.

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ProMetic Life Sciences Company Profile

Prometic Life Sciences Inc (ProMetic) is a Canada-based biopharmaceutical company. The Company has two segments: Small Molecule Therapeutics and Protein Technology. The Company offers its technology platform for large-scale drug purification of biologics, drug development, proteomics and the elimination of pathogens to various industries, and uses its own affinity technology that provides for extraction and purification of therapeutic proteins from human plasma in order to develop therapeutics and orphan drugs.

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