ProMetic Life Sciences (PLI) Stock Price Up 20%

ProMetic Life Sciences Inc. (TSE:PLI) shares rose 20% during trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 2,612,458 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 2,304,291 shares. The stock had previously closed at C$0.05.

PLI has been the topic of a number of research reports. National Bank Financial raised ProMetic Life Sciences from an “underperform” rating to a “sector perform” rating and set a C$0.45 price objective on the stock in a report on Monday, January 28th. Royal Bank of Canada reduced their target price on ProMetic Life Sciences from C$1.25 to C$0.70 and set an “outperform” rating on the stock in a report on Wednesday, April 3rd. Finally, Echelon Wealth Partners lowered ProMetic Life Sciences from a “speculative buy” rating to a “hold” rating in a report on Tuesday, April 2nd.

The firm has a market capitalization of $36.02 million and a PE ratio of -0.22. The company has a debt-to-equity ratio of 238.62, a current ratio of 1.14 and a quick ratio of 0.77.

WARNING: “ProMetic Life Sciences (PLI) Stock Price Up 20%” was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at

ProMetic Life Sciences Company Profile (TSE:PLI)

Prometic Life Sciences Inc operates as a biopharmaceutical company with two drug discovery platforms that focuses on unmet medical needs in the field of fibrosis and orphan diseases. Its product pipeline includes PBI-4050, an orally active lead drug candidate for fibrosis; plasminogen, a biopharmaceutical for the treatment of congenital plasminogen deficiency; and intravenous immunoglobulin, a preparation of antibodies purified from plasma donations from healthy individuals.

Recommended Story: What is the Rule of 72?

Receive News & Ratings for ProMetic Life Sciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProMetic Life Sciences and related companies with's FREE daily email newsletter.