Hemostemix (CVE:HEM) Stock Price Up 29.4% – Here’s Why

Hemostemix Inc. (CVE:HEM) shares shot up 29.4% during mid-day trading on Friday . The company traded as high as C$0.11 and last traded at C$0.11. 602,760 shares changed hands during mid-day trading, an increase of 511% from the average session volume of 98,700 shares. The stock had previously closed at C$0.09.

Hemostemix Stock Up 29.4%

The stock has a market capitalization of C$20.73 million, a PE ratio of -4.07 and a beta of 1.25. The firm’s fifty day moving average is C$0.09 and its 200-day moving average is C$0.10. The company has a quick ratio of 0.48, a current ratio of 0.04 and a debt-to-equity ratio of -55.07.

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. The company also develops NCP-01, which is preclinical trial to evaluate effect on neuropathic pain and motor function recovery.