Devonian Health Group (CVE:GSD) Trading Down 23.5% – Here’s Why

Devonian Health Group Inc. (CVE:GSDGet Free Report) shares fell 23.5% during mid-day trading on Friday . The company traded as low as C$0.09 and last traded at C$0.13. 119,000 shares traded hands during trading, an increase of 588% from the average session volume of 17,288 shares. The stock had previously closed at C$0.17.

Devonian Health Group Stock Down 23.5%

The company has a current ratio of 1.07, a quick ratio of 7.82 and a debt-to-equity ratio of 16.36. The business’s 50-day simple moving average is C$0.16 and its 200-day simple moving average is C$0.17. The company has a market capitalization of C$19.27 million, a PE ratio of -4.64 and a beta of 0.67.

About Devonian Health Group

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Devonian Health Group Inc engages in the development of botanical drugs. Its lead product candidate is Thykamine, completed Phase IIa clinical trial product for the treatment of ulcerative colitis and atopic dermatitis. The company also develops Pantoprazole Magnesium for the treatment of gastric; Cleo-35 for the treatment of hormonal acne in women; and value-added products for dermo-cosmetics.

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