Shares of Hemostemix Inc. (CVE:HEM – Get Free Report) dropped 22.9% during mid-day trading on Friday . The company traded as low as C$0.18 and last traded at C$0.19. Approximately 504,239 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 530,580 shares. The stock had previously closed at C$0.24.
Hemostemix Trading Up 5.4 %
The company has a current ratio of 0.04, a quick ratio of 0.48 and a debt-to-equity ratio of -55.07. The stock has a 50-day simple moving average of C$0.19 and a 200 day simple moving average of C$0.12. The company has a market cap of C$28.42 million, a price-to-earnings ratio of -5.69 and a beta of 0.20.
About Hemostemix
Hemostemix Inc, a clinical stage biotechnology company, develops, manufactures, and commercializes blood-derived stem cell therapies for medical conditions in Canada. Its lead product is ACP-01, an autologous cell therapy, which is in Phase II clinical trial for the treatment of vascular diseases, such as cardiovascular disease, peripheral arterial disease, angina pectoris, and ischemia.
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