Voyageur Pharmaceuticals (CVE:VM) Shares Up 47.4% – Here’s Why

Voyageur Pharmaceuticals Ltd. (CVE:VM)’s share price shot up 47.4% on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. 1,312,210 shares changed hands during trading, an increase of 427% from the average session volume of 249,010 shares. The stock had previously closed at C$0.10.

Voyageur Pharmaceuticals Stock Up 47.4 %

The firm’s 50 day moving average is C$0.08 and its two-hundred day moving average is C$0.06. The firm has a market cap of C$19.53 million, a P/E ratio of -14.00 and a beta of 0.32. The company has a current ratio of 0.17, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21.

Voyageur Pharmaceuticals Company Profile

Voyageur Pharmaceuticals Ltd., together with its subsidiaries, engages in the acquiring, exploring, and developing raw materials for pharmaceutical products, primarily in the province of British Columbia, Canada, and the state of Utah. The company develops barium and iodine-based APIs. The company was formerly known as Voyageur Minerals Ltd.