Voyageur Pharmaceuticals (CVE:VM) Trading 50% Higher – Time to Buy?

Voyageur Pharmaceuticals Ltd. (CVE:VM)’s share price was up 50% during trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 1,942,446 shares changed hands during mid-day trading, an increase of 1,795% from the average daily volume of 102,479 shares. The stock had previously closed at C$0.07.

Voyageur Pharmaceuticals Stock Up 50.0 %

The stock has a market capitalization of C$14.64 million, a price-to-earnings ratio of -10.50 and a beta of 0.32. The company has a quick ratio of 0.84, a current ratio of 0.17 and a debt-to-equity ratio of 3.21. The stock has a 50 day moving average price of C$0.07 and a 200 day moving average price of C$0.06.

About Voyageur Pharmaceuticals

Voyageur Pharmaceuticals Ltd., together with its subsidiaries, engages in the acquiring, exploring, and developing raw materials for pharmaceutical products, primarily in the province of British Columbia, Canada, and the state of Utah. The company develops barium and iodine-based APIs. The company was formerly known as Voyageur Minerals Ltd.