Hemostemix (CVE:HEM) Trading Down 50%

Hemostemix Inc (CVE:HEM)’s share price was down 50% on Thursday . The company traded as low as C$0.01 and last traded at C$0.01, approximately 1,471,000 shares were traded during trading. An increase of 1,388% from the average daily volume of 98,865 shares. The stock had previously closed at C$0.02.

The firm has a market cap of $6.02 million and a P/E ratio of -0.50. The stock’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.04.

About Hemostemix (CVE:HEM)

Hemostemix Inc, a clinical-stage biotechnology company, develops, manufactures, and commercializes blood-derived cell therapies for medical conditions in Canada. It develops cell therapy products from the patient's own blood, a relatively non-invasive source of therapeutic cells. The company's lead product is ACP-01, which is in Phase II clinical trial for the treatment of critical limb ischemia.

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