Hemostemix (CVE:HEM) Trading 37.9% Higher – What’s Next?

by · The Markets Daily

Hemostemix Inc. (CVE:HEM – Get Free Report) shares shot up 37.9% during trading on Thursday . The company traded as high as C$0.24 and last traded at C$0.20. 1,160,600 shares changed hands during mid-day trading, an increase of 120% from the average session volume of 528,233 shares. The stock had previously closed at C$0.15.

Hemostemix Stock Performance

The firm has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.07. The firm has a market cap of C$17.42 million, a price-to-earnings ratio of -10.00 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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