Medicure (CVE:MPH) Stock Crosses Above 50 Day Moving Average – Here’s Why

Medicure Inc. (CVE:MPHGet Free Report)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.16 and traded as high as C$1.34. Medicure shares last traded at C$1.34, with a volume of 100 shares changing hands.

Medicure Stock Performance

The firm has a market cap of C$13.98 million, a price-to-earnings ratio of -4.06 and a beta of 1.09. The firm’s 50 day moving average is C$1.16 and its 200-day moving average is C$1.14. The company has a debt-to-equity ratio of 4.65, a quick ratio of 1.29 and a current ratio of 2.03.

Medicure Company Profile

(Get Free Report)

Medicure Inc, a biopharmaceutical company, engages in the research, development, and commercialization of human therapies in the United States. The company markets and distributes AGGRASTAT injection, a glycoprotein GP IIb/IIIa receptor antagonist for the treatment of acute coronary syndrome, including unstable angina and non-Q-wave myocardial infarction.

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