Medicure (OTCMKTS:MCUJF) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Medicure Inc. (OTCMKTS:MCUJF)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.83 and traded as high as $0.9410. Medicure shares last traded at $0.9410, with a volume of 0 shares traded.

Medicure Price Performance

The stock has a market capitalization of $9.82 million, a price-to-earnings ratio of -3.92 and a beta of 0.99. The business has a 50-day simple moving average of $0.83 and a two-hundred day simple moving average of $0.83. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.03.

Medicure (OTCMKTS:MCUJF) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($0.09) earnings per share for the quarter. Medicure had a negative net margin of 13.10% and a negative return on equity of 17.91%. The firm had revenue of $5.93 million during the quarter.

About Medicure

Medicure Pharmaceutical Corp. is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of therapies in the cardiovascular and critical‐care markets. The company advances its business through a combination of in-licensing, acquisitions and strategic partnerships designed to build a diversified portfolio of prescription products that address unmet medical needs.

Headquartered in Montreal, Canada, Medicure operates in North America and selectively in Europe through licensing agreements with regional distributors.