Hemostemix (CVE:HEM) Stock Price Down 5.6% – Here’s What Happened

Hemostemix Inc. (CVE:HEMGet Free Report)’s share price was down 5.6% during mid-day trading on Monday . The stock traded as low as C$0.17 and last traded at C$0.17. Approximately 169,000 shares were traded during trading, a decline of 65% from the average daily volume of 477,591 shares. The stock had previously closed at C$0.18.

Hemostemix Stock Up 3.1 %

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 firm has a market cap of C$24.04 million, a PE ratio of -4.81 and a beta of 0.20. The business’s 50-day simple moving average is C$0.21 and its 200 day simple moving average is C$0.13.

About Hemostemix

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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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