Hemostemix (CVE:HEM) Trading Down 14.5% – What’s Next?

Hemostemix Inc. (CVE:HEMGet Free Report) shares dropped 14.5% during trading on Tuesday . The stock traded as low as C$0.27 and last traded at C$0.27. Approximately 438,482 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 690,023 shares. The stock had previously closed at C$0.31.

Hemostemix Price Performance

The stock has a 50 day moving average of C$0.12 and a two-hundred day moving average of C$0.09. The stock has a market capitalization of C$24.39 million, a PE ratio of -14.00 and a beta of 0.20.

About Hemostemix

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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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