Hemostemix (CVE:HEM) Hits New 1-Year Low – Here’s Why

Hemostemix Inc. (CVE:HEM – Get Free Report) hit a new 52-week low on Friday. The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 99,539 shares. The stock had previously closed at C$0.06.

Hemostemix Price Performance

The company has a current ratio of 0.13, a quick ratio of 0.48 and a debt-to-equity ratio of -61.85. The stock has a market capitalization of C$10.57 million, a P/E ratio of -1.92 and a beta of -0.14. The company has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07.

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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