Hemostemix (CVE:HEM) Stock Price Up 46.7% – Here’s Why

Hemostemix Inc. (CVE:HEMGet Free Report)’s share price traded up 46.7% during mid-day trading on Saturday . The company traded as high as C$0.11 and last traded at C$0.11. 1,473,342 shares changed hands during mid-day trading, an increase of 283% from the average session volume of 384,669 shares. The stock had previously closed at C$0.08.

Hemostemix Stock Up 46.7%

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 company has a market cap of C$19.58 million, a price-to-earnings ratio of -2.97 and a beta of 1.39. The firm’s fifty day simple moving average is C$0.11 and its 200 day simple moving average is C$0.12.

Hemostemix Company Profile

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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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