Stock News in Focus: Aptose Biosciences Inc. (NASDAQ:APTO)

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Aptose Biosciences Inc. (NASDAQ:APTO) stock observed trading -1.80% off 52-week high price. On the other end, the stock has been noted 213.38% away from low price over the last 52-weeks. The stock disclosed a move of 89.50% away from 50 day moving average and 110.57% away from 200 day moving average. Moving closer, we can see that shares have been trading 52.29% off 20-day moving average. It has market cap of $297.02M.

On Dec. 19, 2019, Aptose Biosciences Inc. (NASDAQ:APTO) disclosed the closing of its previously announced underwritten public offering of 18,543,750 common shares (the Offering) at the public offering price of US$4.00 per share. The number of shares sold includes the full exercise by the underwriters of their option to purchase additional common shares in the Offering.  Gross proceeds from the Offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Aptose, are approximately US$74.2 million.

Piper Jaffray & Co. acted as the sole active book-running manager and Canaccord Genuity acted as passive book-running manager for the Offering. Oppenheimer & Co. acted as lead manager and JonesTrading Institutional Services LLC acted as co-manager for the Offering.

No common shares were offered or sold in Canada as part of this Offering. The Company is relying on the exemption set forth in Section 602.1 of the TSX Company Manual, which provides that the TSX will not apply its standards to certain transactions involving eligible interlisted issuers on a recognized exchange, such as Nasdaq.

 The Canada based company Aptose Biosciences Inc. moved with change of 6.96% to $4.92 with the total traded volume of 2049265 shares in recent session versus to an average volume of 721.50K. The stock was observed in the 5 days activity at 10.81%. The one month performance of stock was 96.80%. APTO’s shares are at 108.47% for the quarter and driving a 138.83% return over the course of the past year and is now at 157.59% since this point in 2018.  Right now the stock beta is 1.73. The average volatility for the week and month was at 14.60% and 11.07% respectively. There are 60.37M shares outstanding and 50.28M shares are floated in market.

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