Hemostemix (CVE:HEM) Shares Up 17.9% – Here’s Why

Hemostemix Inc. (CVE:HEMGet Free Report) shares traded up 17.9% during mid-day trading on Thursday . The stock traded as high as C$0.33 and last traded at C$0.33. 1,140,716 shares traded hands during mid-day trading, an increase of 72% from the average session volume of 663,769 shares. The stock had previously closed at C$0.28.

Hemostemix Stock Up 25.0 %

The stock has a 50-day moving average price of C$0.12 and a 200 day moving average price of C$0.09. The firm has a market capitalization of C$30.49 million, a price-to-earnings ratio of -17.50 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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