Hemostemix (CVE:HEM) Stock Price Down 9.7% – Time to Sell?

Hemostemix Inc. (CVE:HEMGet Free Report)’s stock price fell 9.7% on Monday . The company traded as low as C$0.28 and last traded at C$0.28. 394,482 shares were traded during mid-day trading, a decline of 43% from the average session volume of 686,639 shares. The stock had previously closed at C$0.31.

Hemostemix Stock Down 12.9 %

The company has a market capitalization of C$23.52 million, a price-to-earnings ratio of -13.50 and a beta of 0.20. The firm has a 50 day moving average price of C$0.11 and a two-hundred day moving average price 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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