Sernova (TSE:SVA) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Sernova Corp. (TSE:SVA)’s share price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$0.11 and traded as high as C$0.12. Sernova shares last traded at C$0.12, with a volume of 149,829 shares.

Sernova Stock Up 15.0%

The firm has a market capitalization of C$43.43 million, a price-to-earnings ratio of -1.64 and a beta of -0.49. The company has a debt-to-equity ratio of -21.98, a current ratio of 0.03 and a quick ratio of 18.11. The stock has a fifty day moving average of C$0.11 and a two-hundred day moving average of C$0.14.

Sernova (TSE:SVA) last released its quarterly earnings results on Thursday, September 10th. The company reported C($0.01) earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Sernova Corp. will post -0.08 earnings per share for the current year.

Sernova Company Profile

Sernova Biotherapeutics is a clinical-stage company developing regenerative medicine therapeutics combining its Cell Pouch with human donor cells or stem-cell derived islet-like clusters in collaboration with Evotec to create bio-hybrid organs to treat T1D. A bio-hybrid organ is comprised of non-biomaterials, such as the Cell Pouch, integrated with living tissues to restore or enhance the function of a compromised organ. This innovative approach aims to deliver a potentially revolutionary treatment for patients with chronic diseases, initially focusing on T1D and thyroid disorders.