Genocea Biosciences (NASDAQ:GNCA), changed -2.25% to recent value of $3.47. The stock transacted 392585 shares during most recent day however it has an average volume of 667.61K shares. It spotted trading -69.24% off 52-week high price. On the other end, the stock has been noted 54.91% away from the low price over the last 52-weeks.
Genocea Biosciences (NASDAQ:GNCA), a biopharmaceutical company developing personalized cancer immunotherapies, announced the pricing of its previously announced underwritten public offering of 10,500,000 shares of its common stock at a public offering price of $3.50 per share, before underwriting discounts and commissions. In addition, Genocea has granted the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of common stock at the public offering price per share, less the underwriting discounts and commissions. The gross proceeds from the offering are expected to be $36,750,000 before deducting underwriting discounts and commissions and offering expenses payable by Genocea. All of the shares are being sold by Genocea. The offering is expected to close on or about June 24, 2019, subject to satisfaction of customary closing conditions.
SVB Leerink and Stifel are acting as joint book-running managers for the offering. Baird and Needham & Company are acting as co-managers for the offering. Its earnings per share (EPS) expected to touch remained 83.00% for this year
The company has 14.38M of outstanding shares and 12.49M shares were floated in the market. According to the most recent quarter its current ratio was 2.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -32.51% from the mean of 20 days, -35.68% from mean of 50 days SMA and performed -31.48% from mean of 200 days price. Company’s performance for the week was -34.16%, -22.02% for month and YTD performance remained 51.24%.
Rocky Gerdes – Category – Business
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