Hemostemix (CVE:HEM) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Shares of Hemostemix Inc. (CVE:HEMGet Free Report) 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$0.08. Hemostemix shares last traded at C$0.08, with a volume of 42,982 shares traded.

Hemostemix Trading Down 5.9%

The business’s 50-day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.11. The firm has a market capitalization of C$14.48 million, a price-to-earnings ratio of -2.96 and a beta of 1.03. The company has a quick ratio of 0.48, a current ratio of 0.04 and a debt-to-equity ratio of -55.07.

About Hemostemix

(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.

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