Medicure (CVE:MPH) Sets New 52-Week Low – Should You Sell?

Medicure Inc. (CVE:MPHGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.67 and last traded at C$0.67, with a volume of 16000 shares changing hands. The stock had previously closed at C$0.81.

Medicure Stock Down 14.3 %

The firm has a 50-day moving average of C$0.84 and a 200 day moving average of C$0.92. The company has a current ratio of 2.03, a quick ratio of 1.29 and a debt-to-equity ratio of 4.65. The stock has a market capitalization of C$7.20 million, a price-to-earnings ratio of -3.54 and a beta of 0.90.

About Medicure

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Medicure Inc, a biopharmaceutical company, engages in the research, development, and commercialization of human therapies in the United States. The company markets and distributes AGGRASTAT injection, a glycoprotein GP IIb/IIIa receptor antagonist for the treatment of acute coronary syndrome, including unstable angina and non-Q-wave myocardial infarction.

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