Medicure (CVE:MPH) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Medicure Inc. (CVE:MPHGet Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.89 and traded as low as C$0.72. Medicure shares last traded at C$0.89, with a volume of 6,996 shares changing hands.

Medicure Stock Performance

The company has a debt-to-equity ratio of 4.65, a quick ratio of 1.29 and a current ratio of 2.03. The stock has a market capitalization of C$9.29 million, a P/E ratio of -4.57 and a beta of 0.90. The business has a 50-day moving average price of C$0.80 and a 200 day moving average price of C$0.88.

About Medicure

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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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