Medicure (CVE:MPH) Hits New 12-Month High – Still a Buy?

Shares of Medicure Inc. (CVE:MPHGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$1.47 and last traded at C$1.47, with a volume of 8512 shares changing hands. The stock had previously closed at C$1.30.

Medicure Stock Up 13.1%

The business has a 50-day simple moving average of C$1.21 and a two-hundred day simple moving average of C$1.15. The company has a market capitalization of C$15.34 million, a price-to-earnings ratio of -2.04 and a beta of 0.44. The company has a debt-to-equity ratio of 6.02, a quick ratio of 1.28 and a current ratio of 0.97.

Medicure Company Profile

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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. It also offers ZYPITAMAG to treat patients with primary hyperlipidemia or mixed dyslipidemia. In addition, the company is developing Sodium Nitroprusside injection, and Generic ANDA 2 and 3 for acute cardiology; and TARDOCAL, to treat neurological indications.

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