Hemostemix (CVE:HEM) Trading 15% Higher – What’s Next?

Hemostemix Inc. (CVE:HEMGet Free Report)’s stock price shot up 15% on Friday . The company traded as high as C$0.23 and last traded at C$0.23. 506,476 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 520,039 shares. The stock had previously closed at C$0.20.

Hemostemix Stock Up 10.0 %

The firm has a market capitalization of C$19.17 million, a price-to-earnings ratio of -11.00 and a beta of 0.20. The business has a 50-day moving average price of C$0.09 and a 200-day moving average price of C$0.07.

Hemostemix Company Profile

(Get Free Report)

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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