Hemostemix (CVE:HEM) Trading Down 16.7% – Here’s What Happened

Hemostemix Inc. (CVE:HEM) traded down 16.7% during trading on Saturday . The stock traded as low as C$0.10 and last traded at C$0.10. 670,435 shares were traded during mid-day trading, an increase of 78% from the average session volume of 376,657 shares. The stock had previously closed at C$0.12.

Hemostemix Price Performance

The company has a 50 day moving average price of C$0.13 and a 200 day moving average price of C$0.15. The company has a market capitalization of C$14.57 million, a price-to-earnings ratio of -2.92 and a beta of 0.20. The company has a current ratio of 0.04, a quick ratio of 0.48 and a debt-to-equity ratio of -55.07.

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.