Hemostemix (CVE:HEM) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Hemostemix Inc. (CVE:HEMGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.06 and traded as low as C$0.06. Hemostemix shares last traded at C$0.07, with a volume of 131,911 shares trading hands.

Hemostemix Stock Performance

The firm has a market cap of C$13.32 million, a PE ratio of -3.25 and a beta of 0.21. The company has a 50 day simple moving average of C$0.06 and a 200-day simple moving average of C$0.07. The company has a debt-to-equity ratio of -66.09, a current ratio of 0.24 and a quick ratio of 0.48.

Hemostemix Company Profile

(Get Free Report)

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. The company also develops NCP-01, which is preclinical trial to evaluate effect on neuropathic pain and motor function recovery.

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