Hemostemix (CVE:HEM) Trading Up 25.6% – Here’s Why

Hemostemix Inc. (CVE:HEMGet Free Report)’s stock price was up 25.6% during trading on Thursday . The company traded as high as C$0.29 and last traded at C$0.27. Approximately 1,058,771 shares were traded during mid-day trading, an increase of 65% from the average daily volume of 640,063 shares. The stock had previously closed at C$0.22.

Hemostemix Stock Up 25.6 %

The company has a market capitalization of C$23.52 million, a P/E ratio of -13.50 and a beta of 0.20. The business has a 50 day moving average of C$0.10 and a 200 day moving average of C$0.08.

Hemostemix Company Profile

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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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