Hemostemix (CVE:HEM) Sets New 1-Year High – Time to Buy?

Hemostemix Inc. (CVE:HEMGet Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.08, with a volume of 155000 shares. The stock had previously closed at C$0.09.

Hemostemix Stock Performance

The business has a 50 day simple moving average of C$0.09 and a 200-day simple moving average of C$0.06. The firm has a market capitalization of C$6.97 million, a price-to-earnings ratio of -4.50 and a beta of 0.20.

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.

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