Oncolytics Biotech Slumps In Pre-Market On Public Offering

(RTTNews) - Oncolytics Biotech (ONCY | Quote | Chart | News | PowerRating) dipped in pre-market trading, after unveiling a public offering of up to 2.5 million units at $1.50 per unit for gross proceeds up to $3.75 million.

The stock was down 5 cents just after 9:20 am ET, easing to $1.14. If pre-market losses hold, the stock will open at its lowest level in a week.

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