Shares of Hemostemix Inc. (CVE:HEM – Get Free Report) dropped 14.5% on Monday . The company traded as low as C$0.27 and last traded at C$0.27. Approximately 438,482 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 689,216 shares. The stock had previously closed at C$0.31.
Hemostemix Stock Down 14.5 %
The business has a 50-day simple moving average of C$0.11 and a 200-day simple moving average of C$0.08. The stock has a market cap of C$23.09 million, a P/E ratio of -13.25 and a beta of 0.20.
Hemostemix Company Profile
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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