Voyageur Pharmaceuticals (CVE:VM) Trading 50% Higher – Here’s What Happened

Voyageur Pharmaceuticals Ltd. (CVE:VMGet Free Report) was up 50% on Wednesday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 1,942,446 shares were traded during mid-day 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 11.1 %

The firm has a market capitalization of C$13.95 million, a price-to-earnings ratio of -10.00 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. The firm’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.06.

About Voyageur Pharmaceuticals

(Get Free Report)

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.

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