Hemostemix (CVE:HEM) Stock Price Up 17.5% – Here’s Why

Hemostemix Inc. (CVE:HEMGet Free Report) shares traded up 17.5% on Friday . The company traded as high as C$0.24 and last traded at C$0.24. 865,576 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 576,068 shares. The stock had previously closed at C$0.20.

Hemostemix Trading Up 20.0 %

The business has a fifty day moving average price of C$0.09 and a two-hundred day moving average price of C$0.08. The company has a market cap of C$20.91 million, a price-to-earnings ratio of -12.00 and a beta of 0.20.

Hemostemix Company Profile

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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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