Hemostemix (CVE:HEM) Shares Up 29.4% – Still a Buy?

Hemostemix Inc. (CVE:HEM)’s stock price rose 29.4% during mid-day trading on Friday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 602,760 shares were traded during mid-day trading, an increase of 511% from the average daily volume of 98,700 shares. The stock had previously closed at C$0.09.

Hemostemix Stock Performance

The stock’s 50 day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.10. The company has a market capitalization of C$20.73 million, a P/E ratio of -4.07 and a beta of 1.25. 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

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. The company also develops NCP-01, which is preclinical trial to evaluate effect on neuropathic pain and motor function recovery.