Hemostemix (CVE:HEM) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Hemostemix Inc. (CVE:HEMGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.10 and traded as low as C$0.10. Hemostemix shares last traded at C$0.10, with a volume of 67,017 shares traded.

Hemostemix Price Performance

The company has a current ratio of 0.04, a quick ratio of 0.48 and a debt-to-equity ratio of -55.07. The business’s fifty day moving average is C$0.10 and its 200 day moving average is C$0.11. The firm has a market capitalization of C$18.11 million, a P/E ratio of -3.70 and a beta of 0.85.

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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