Hemostemix (CVE:HEM) Hits New 12-Month Low – Here’s Why

Hemostemix Inc. (CVE:HEMGet Free Report)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 117018 shares. The stock had previously closed at C$0.07.

Hemostemix Stock Performance

The stock’s 50 day moving average is C$0.07 and its two-hundred day moving average is C$0.08. The firm has a market capitalization of C$11.31 million, a P/E ratio of -2.22 and a beta of 0.59. The company has a debt-to-equity ratio of -72.45, a current ratio of 0.49 and a quick ratio of 0.48.

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. The company also develops NCP-01, which is preclinical trial to evaluate effect on neuropathic pain and motor function recovery.

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