Hemostemix (CVE:HEM) Shares Down 17.1% – Here’s What Happened

Hemostemix Inc. (CVE:HEMGet Free Report) shares traded down 17.1% during trading on Thursday . The company traded as low as C$0.28 and last traded at C$0.32. 684,632 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 673,865 shares. The stock had previously closed at C$0.38.

Hemostemix Stock Performance

The firm has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.10. The firm has a market cap of C$27.44 million, a price-to-earnings ratio of -15.75 and a beta of 0.20.

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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