Voyageur Pharmaceuticals (CVE:VM) Trading Down 31.3% – What’s Next?

Shares of Voyageur Pharmaceuticals Ltd. (CVE:VM) were down 31.3% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.17. Approximately 1,643,425 shares changed hands during trading, an increase of 198% from the average daily volume of 550,572 shares. The stock had previously closed at C$0.24.

Voyageur Pharmaceuticals Trading Down 31.3 %

The company has a current ratio of 0.17, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The firm has a market capitalization of C$23.01 million, a P/E ratio of -16.50 and a beta of 0.32. The firm has a 50-day moving average of C$0.10 and a two-hundred day moving average of C$0.07.

About Voyageur Pharmaceuticals

Voyageur Pharmaceuticals Ltd., together with its subsidiaries, engages in the acquiring, exploring, and developing raw materials for pharmaceutical products, primarily in the province of British Columbia, Canada, and the state of Utah. The company develops barium and iodine-based APIs. The company was formerly known as Voyageur Minerals Ltd.