Sirona Biochem (CVE:SBM) Trading Down 18.8% – Here’s Why

Shares of Sirona Biochem Corp. (CVE:SBM) were down 18.8% during mid-day trading on Tuesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 112,944 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 78,445 shares. The stock had previously closed at C$0.08.

Sirona Biochem Trading Down 18.8 %

The stock has a 50-day moving average price of C$0.07 and a 200-day moving average price of C$0.06. The stock has a market cap of C$16.69 million, a P/E ratio of -6.50 and a beta of -0.03. The company has a debt-to-equity ratio of 219.21, a quick ratio of 2.41 and a current ratio of 0.34.

Sirona Biochem Company Profile

Sirona Biochem Corp., a cosmetic ingredient and drug discovery company, develops and sells cosmetic and pharmaceutical active ingredients in Canada and France. Its programs include cosmetic skin lightener and diabetes drug; and other projects comprise the development of an anti-aging/cell protection library, novel anti-wrinkle compound, and anti-viral program.