Voyageur Pharmaceuticals (CVE:VM) Shares Up 50% – Time to Buy?

Voyageur Pharmaceuticals Ltd. (CVE:VM)’s share price rose 50% during trading on Thursday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 1,942,446 shares traded hands during trading, an increase of 1,795% from the average daily volume of 102,479 shares. The stock had previously closed at C$0.07.

Voyageur Pharmaceuticals Trading Up 50.0 %

The company has a fifty day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.06. The stock has a market capitalization of C$14.64 million, a P/E ratio of -10.50 and a beta of 0.32. The company has a quick ratio of 0.84, a current ratio of 0.17 and a debt-to-equity ratio of 3.21.

Voyageur Pharmaceuticals Company Profile

Voyageur Pharmaceuticals Ltd., together with its subsidiaries, engages in the acquiring, exploring, and developing raw materials for pharmaceutical products, primarily in the province of British Columbia, Canada, and the state of Utah. The company develops barium and iodine-based APIs. The company was formerly known as Voyageur Minerals Ltd.