Sernova Corp. (TSE:SVA – Get Free Report)’s share price shot up 21.4% during mid-day trading on Wednesday . The company traded as high as C$0.17 and last traded at C$0.17. 276,608 shares changed hands during mid-day trading, an increase of 136% from the average session volume of 117,275 shares. The stock had previously closed at C$0.14.
Sernova Stock Performance
The firm’s 50 day moving average is C$0.16 and its 200 day moving average is C$0.15. The company has a debt-to-equity ratio of -25.45, a quick ratio of 18.11 and a current ratio of 0.14. The stock has a market cap of C$61.45 million, a P/E ratio of -4.25 and a beta of -0.34.
Sernova Company Profile
Sernova Biotherapeutics is a clinical-stage company developing regenerative medicine therapeutics combining its Cell Pouch with human donor cells or stem-cell derived islet-like clusters in collaboration with Evotec to create bio-hybrid organs to treat T1D. A bio-hybrid organ is comprised of non-biomaterials, such as the Cell Pouch, integrated with living tissues to restore or enhance the function of a compromised organ. This innovative approach aims to deliver a potentially revolutionary treatment for patients with chronic diseases, initially focusing on T1D and thyroid disorders.
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