Shares of Hemostemix Inc. (CVE:HEM – Get Free Report) fell 22.9% during mid-day trading on Friday . The company traded as low as C$0.18 and last traded at C$0.19. 504,239 shares changed hands during trading, a decline of 5% from the average session volume of 530,580 shares. The stock had previously closed at C$0.24.
Hemostemix Stock Performance
The company has a market cap of C$28.42 million, a P/E ratio of -5.69 and a beta of 0.20. The company has a quick ratio of 0.48, a current ratio of 0.04 and a debt-to-equity ratio of -55.07. The company has a 50 day moving average price of C$0.19 and a 200-day moving average price of C$0.12.
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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