Hemostemix Inc. (CVE:HEM – Get Free Report) shot up 27.9% during trading on Friday . The stock traded as high as C$0.29 and last traded at C$0.28. 1,401,717 shares changed hands during mid-day trading, an increase of 100% from the average session volume of 700,531 shares. The stock had previously closed at C$0.22.
Hemostemix Price Performance
The business’s 50-day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.08. The stock has a market capitalization of C$23.96 million, a price-to-earnings ratio of -13.75 and a beta of 0.20.
About Hemostemix
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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