Devonian Health Group (CVE:GSD) Stock Price Down 8.4% – Time to Sell?

Devonian Health Group Inc. (CVE:GSD – Get Free Report)’s stock price was down 8.4% on Thursday. The company traded as low as C$8.20 and last traded at C$8.20. Approximately 2,207 shares changed hands during trading, an increase of 33% from the average session volume of 1,662 shares. The stock had previously closed at C$8.95.

Devonian Health Group Price Performance

The company has a debt-to-equity ratio of 16.36, a quick ratio of 7.82 and a current ratio of 1.07. The stock’s fifty day moving average price is C$9.10 and its 200-day moving average price is C$9.97. The firm has a market cap of C$22.25 million, a PE ratio of -3.56 and a beta of 0.03.

About Devonian Health Group

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Devonian Health Group Inc engages in the development of botanical drugs. Its lead product candidate is Thykamine, completed Phase IIa clinical trial product for the treatment of ulcerative colitis and atopic dermatitis. The company also develops Pantoprazole Magnesium for the treatment of gastric; Cleo-35 for the treatment of hormonal acne in women; and value-added products for dermo-cosmetics. In addition, the company acquires drug and health product licenses; and distributes pharmaceutical products.

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