Hemostemix (CVE:HEM) Shares Down 14.5% – What’s Next?

Hemostemix Inc. (CVE:HEMGet Free Report)’s share price traded down 14.5% during trading on Monday . The company traded as low as C$0.27 and last traded at C$0.27. 438,482 shares traded hands during trading, a decline of 36% from the average session volume of 690,023 shares. The stock had previously closed at C$0.31.

Hemostemix Price Performance

The stock has a market capitalization of C$23.96 million, a P/E ratio of -13.75 and a beta of 0.20. The firm has a 50-day simple moving average of C$0.11 and a 200 day simple moving average of C$0.08.

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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