Hemostemix (CVE:HEM) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Hemostemix Inc. (CVE:HEMGet Free Report)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.08 and traded as high as C$0.10. Hemostemix shares last traded at C$0.10, with a volume of 85,000 shares changing hands.

Hemostemix Trading Up 26.7 %

The company has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.07. The firm has a market capitalization of C$8.28 million, a PE ratio of -4.75 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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