Hemostemix (CVE:HEM) Shares Up 35.7% – Still a Buy?

Hemostemix Inc. (CVE:HEMGet Free Report) shot up 35.7% on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. 256,639 shares traded hands during trading, an increase of 172% from the average session volume of 94,340 shares. The stock had previously closed at C$0.07.

Hemostemix Stock Up 71.4 %

The stock has a market cap of C$10.45 million, a P/E ratio of -6.00 and a beta of 0.20. The business has a 50-day simple moving average of C$0.08 and a 200-day simple moving average of C$0.07.

Hemostemix Company Profile

(Get Free Report)

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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