Hemostemix (CVE:HEM) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Hemostemix Inc. (CVE:HEMGet Free Report)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.09 and traded as low as C$0.09. Hemostemix shares last traded at C$0.09, with a volume of 2,000 shares traded.

Hemostemix Trading Down 5.6%

The company has a market capitalization of C$16.02 million, a P/E ratio of -3.15 and a beta of 0.80. The business has a 50 day moving average price of C$0.09 and a 200 day moving average price of C$0.09. The company has a current ratio of 0.04, a quick ratio of 0.48 and a debt-to-equity ratio of -55.07.

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

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