Shares of Hemostemix Inc. (CVE:HEM – Get Free Report) rose 28.6% during trading on Wednesday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 421,375 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 363,410 shares. The stock had previously closed at C$0.11.
Hemostemix Stock Performance
The company has a market cap of C$12.63 million, a price-to-earnings ratio of -7.25 and a beta of 0.20. The company’s 50 day moving average price is C$0.09 and its 200 day moving average price is C$0.07.
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.
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