Hemostemix (CVE:HEM) Stock Price Down 8.3% – Here’s What Happened

Hemostemix Inc. (CVE:HEMGet Free Report) traded down 8.3% during mid-day trading on Thursday . The stock traded as low as C$0.11 and last traded at C$0.11. 240,655 shares changed hands during mid-day trading, an increase of 150% from the average session volume of 96,162 shares. The stock had previously closed at C$0.12.

Hemostemix Stock Performance

The stock has a 50 day moving average of C$0.08 and a 200-day moving average of C$0.07. The company has a market cap of C$9.58 million, a PE ratio of -5.50 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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