Hemostemix (CVE:HEM) Shares Down 19.4% – Should You Sell?

Hemostemix Inc. (CVE:HEMGet Free Report) shares traded down 19.4% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.15. 215,053 shares traded hands during trading, a decline of 58% from the average session volume of 513,395 shares. The stock had previously closed at C$0.18.

Hemostemix Trading Down 13.9 %

The stock’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.12. The company has a market cap of C$22.59 million, a P/E ratio of -4.52 and a beta of 0.20. The company has a debt-to-equity ratio of -55.07, a current ratio of 0.04 and a quick ratio of 0.48.

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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